https://www.taxtmi.com/forum/issue?id=117388 Re-importation of goods exported under LUT typically requires reversal and payment of the IGST not paid at export and interest from the date of export until reversal. Customs exemption provisions relieve certain duties but expressly make the unpaid IGST payable on re-import unless a specific exemption applies. If the electronic credit ledger contained sufficient IGST credit from the date of availing, interest may not be payable; where ITC was utilized and later exhausted, interest liability can arise from the date of utilization. Exemptions exist for exports under Advance Authorization or EPCG and for exhibition goods, and paid IGST may be claimed as input tax credit if used for business. en-us Thu, 29 Jul 2021 12:08:11 +0530 Thu, 23 Jan 2025 15:54:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117388 Re-importation of goods exported under LUT typically requires reversal and payment of the IGST not paid at export and interest from the date of export until reversal. Customs exemption provisions relieve certain duties but expressly make the unpaid IGST payable on re-import unless a specific exemption applies. If the electronic credit ledger contained sufficient IGST credit from the date of availing, interest may not be payable; where ITC was utilized and later exhausted, interest liability can arise from the date of utilization. Exemptions exist for exports under Advance Authorization or EPCG and for exhibition goods, and paid IGST may be claimed as input tax credit if used for business. Discussion-Forum Customs Thu, 29 Jul 2021 12:08:11 +0530 https://www.taxtmi.com/forum/issue?id=117388