Clarification regarding applicability of IGST on repair cost, insurance and freight, on goods re-imported after being exported for repairs, on the recommendations of the GST Council made in its 43rd meeting https://www.taxtmi.com/circulars?id=71127 Re-import of goods exported for overseas repair attracts IGST and applicable compensation cess on the fair repair cost, including materials, and insurance and freight for both outward and return movements. Concessions limit customs duty and tax to amounts calculated on this repair-related value rather than the full value of the goods. The clarification confirms that IGST is leviable on this basis, including for the period before clarificatory amendments. en-us Mon, 26 Jul 2021 00:00:00 +0530 Thu, 03 Sep 2026 13:20:00 +0530 TaxTMI RSS Generator Clarification regarding applicability of IGST on repair cost, insurance and freight, on goods re-imported after being exported for repairs, on the recommendations of the GST Council made in its 43rd meeting https://www.taxtmi.com/circulars?id=71127 Re-import of goods exported for overseas repair attracts IGST and applicable compensation cess on the fair repair cost, including materials, and insurance and freight for both outward and return movements. Concessions limit customs duty and tax to amounts calculated on this repair-related value rather than the full value of the goods. The clarification confirms that IGST is leviable on this basis, including for the period before clarificatory amendments. Circulars Customs Mon, 26 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71127