https://www.taxtmi.com/article/detailed?id=9478 Customs has issued demands for IGST, interest and penalties on re-imported precious and semi precious studded jewellery, rejecting exemption under Entry 5 of Notification No.45/2017 on the ground that the goods were initially exported under LUT availing IGST exemption; Customs contends Entry 1(d) applies so IGST equivalent to that leviable on initial export must be paid. Re imports follow SOP dated 29.03.2016, section 20 Customs Act governs liability, and Notification No.45/2017 prescribes conditional re import exemptions with specified table entries. en-us Sat, 19 Sep 2020 16:35:20 +0530 Sat, 19 Sep 2020 16:35:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9478 Customs has issued demands for IGST, interest and penalties on re-imported precious and semi precious studded jewellery, rejecting exemption under Entry 5 of Notification No.45/2017 on the ground that the goods were initially exported under LUT availing IGST exemption; Customs contends Entry 1(d) applies so IGST equivalent to that leviable on initial export must be paid. Re imports follow SOP dated 29.03.2016, section 20 Customs Act governs liability, and Notification No.45/2017 prescribes conditional re import exemptions with specified table entries. Articles Customs - Import - Export - SEZ Sat, 19 Sep 2020 16:35:20 +0530 https://www.taxtmi.com/article/detailed?id=9478