https://www.taxtmi.com/circulars?id=64958 Re-imports of goods exported for repair are subject to IGST and compensation cess calculated on the fair cost of repairs, including materials, insurance and freight (both ways), rather than on the full value of the goods. The GST Council affirmed this treatment and recommended a clarificatory amendment after a tribunal decision suggesting IGST exemption; the notifications were amended to remove doubt and implement the Council's position. en-us Mon, 19 Jul 2021 00:00:00 +0530 Tue, 20 Jul 2021 09:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64958 Re-imports of goods exported for repair are subject to IGST and compensation cess calculated on the fair cost of repairs, including materials, insurance and freight (both ways), rather than on the full value of the goods. The GST Council affirmed this treatment and recommended a clarificatory amendment after a tribunal decision suggesting IGST exemption; the notifications were amended to remove doubt and implement the Council's position. Circulars Customs Mon, 19 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64958