https://www.taxtmi.com/circulars?id=62061 Re-importation of goods sent abroad for exhibition or on consignment is not a supply where no consideration existed at export, and therefore not a zero-rated supply; no LUT/bond is required for that outward movement, and because no integrated tax was payable at export, the customs condition demanding integrated tax payment on re-import to claim exemption does not apply-such re-imports should be classified under the residuary customs entry instead. en-us Fri, 02 Aug 2019 00:00:00 +0530 Tue, 06 Aug 2019 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=62061 Re-importation of goods sent abroad for exhibition or on consignment is not a supply where no consideration existed at export, and therefore not a zero-rated supply; no LUT/bond is required for that outward movement, and because no integrated tax was payable at export, the customs condition demanding integrated tax payment on re-import to claim exemption does not apply-such re-imports should be classified under the residuary customs entry instead. Circulars Customs Fri, 02 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62061