https://www.taxtmi.com/circulars?id=61976 The Board clarifies that sending goods out of India for exhibition or on consignment does not constitute a supply and therefore is not a zero rated supply; no LUT or bond is required for that outward movement. Consequently, the requirement in Serial No. 1(d) of Notification No. 45/2017 to pay integrated tax at re import is inapplicable, and such re imports should fall under the residuary Serial No. 5 entry of the Notification, including cases involving related persons or unaccepted consignments, subject to the prescribed return period. en-us Wed, 24 Jul 2019 00:00:00 +0530 Wed, 24 Jul 2019 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61976 The Board clarifies that sending goods out of India for exhibition or on consignment does not constitute a supply and therefore is not a zero rated supply; no LUT or bond is required for that outward movement. Consequently, the requirement in Serial No. 1(d) of Notification No. 45/2017 to pay integrated tax at re import is inapplicable, and such re imports should fall under the residuary Serial No. 5 entry of the Notification, including cases involving related persons or unaccepted consignments, subject to the prescribed return period. Circulars Customs Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61976