FAQs on export and FTP related issues of GST dated 07-07-2017

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....he following link : http://www.cbec.gov.in/resources//htdocs-cbec/guidnce-note-imprtrs-exprtrs.pdf;jsessionid=64B4B7C8DC1C02885DFAB663533AAA5E Q 2. What is the definition of exports under the GST? Reply. Exports of goods means taking goods out of India to a place outside India. [Section 2(5) of IGST Act.] Q 3. What categories of supplies have been covered as the Zero rated supplies under the IGST Act? Reply. "Zero rated supply" under Section 16 of the IGST Act, 2017 means any of the following supplies of goods or services or both, namely : (a)  export of goods or services or both; or (b)  supply of goods or services or both to a Special Economic Zone developer or a Special Economic Zone unit. Q 4. ....

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....overed under the GST (specified in Fourth Schedule to Central Excise Act, 1944 covering specified petroleum products, tobacco etc.), in addition to the Basic Custom Duty, Safeguard Duty, Transitional Product Specific Safeguard Duty and Antidumping Duty, scrips can also be used for payment of duties like central excise, CVD/SAD. The scrips cannot be used for payment of any type of GST. Q 8. Where can I find HS code, GST rates for my product? Reply. Please see the following links I-HS codes - https://www.icegate.gov.in/Webappl/Trade-Guide-on-Imports II-GST rates - http://www.cbec.gov.in/resources//htdocs-cbec/gst/chapter-wise-rate-wise-gst-schedule-03.06.2017.pdf III-IGST Rates for Goods http://www.cbec.gov.in/resources//ht....

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....) of the GST paid while taking domestic supplies and same can be used for payment of GST on finished goods cleared in DTA. (iii)  DTA sale   DTA sale shall be subject to fulfillment of the following conditions : *         fulfillment of positive NFE *         payment of applicable GST on product under DTA sale *         Reversal of the BCD exemption availed on the inputs used in the manufacture of products under DTA sale. The reversal of BCD would be as per Standard Input Output norms published by the DGFT or norms fixed by Norms Committee of DGFT (where no SION is fixed). *     &nb....

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....e Act, 1944 (specified petroleum products, tobacco etc.) exemption from Additional C Duty leviable under Sections 3(1), 3(3) and 3(5) of the Customs Tariff Act, 1975 will also be available. However there is one major change. Now an Advance Authorisation holder will have to pay IGST at the time of imports. He can take Input Tax Credit (ITC), and after export, claim refund of any unutilized input tax credit at the end of tax period. The EPCG holder also will have to pay IGST at the time of imports and take Input Tax Credit (ITC) on the duty paid. He cannot claim refund of any unutilized input tax credit after the exports. Q 13. Will Invalidation and ARO be available under Advance Authorisation or EPCG scheme post GST implementation? ....

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.... relation to the refund of the Terminal Excise Duty (TED) and Drawback (DBK). 1.  No TED refund would be available as the central excise duty is subsumed under the GST.   However, for the items covered under Schedule four of Central Excise Act, 1944, the TED refund would be available, provided the items are eligible for supply under the said category of the deemed exports under chapter 7 of the FTP, and there is no exemption from payment of excise duty. 2.  The drawback as provided under Chapter 7 would be limited to the refund of basic custom duty only. Q 18. Whether balance import quantities under Advance Authorisations issued before 1-7-2017 can be utilised after 1-7-2017? And, will there be any implications on ex....