TaxTMI 
TaxTMI 
Customs — introduction of the Goods and Services Tax (GST) w.e.f 01.07.2017 — related changes in customs law and procedure w.e.f 01.07.2017
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....vited to the scheduled introduction of the Goods and Services Tax (GST) w.e,f 01.07.2017. 2. Implementation of GST also impacts Customs in several ways, as the Integrated Goods and Services Tax (IGST) would begin to be levied on the imports from the very first day, the credit of which would be available to the importers. Similarly, the refund on export of goods is contingent upon filing of (a) Shipping Bill accompanied by the GST Invoice and (b) export general manifest. Changes in the customs law and procedures are also accompanied by changes in the EDI system for effectively implementing the IGST law from 01.07.2017. The changes are broadly in the following areas: • Levy of duties - IGST and Compensation Cess(wherever appli....
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....oms Tariff Act, 1975 on the value as determined under the said Act at the pint when duties of Customs are levied on the said goods under section 12 of the Customs Act 1962. " 3.2 Thus, with effect from 01.07.2017, all imported goods shall attract IGST (and compensation cess, wherever applicable) in addition to the Customs duties such as Basic Customs Duty etc. However, the levy of CVD and SAD shall cease to exist on imported goods other than those on which Central Excise Duty/VAT continues to be levied even in the new regime. In this regard necessary amendments have been made in section 3 of the Customs Tariff Act, 1975 vide the Taxation Laws (Amendment) Act, 2017 (18 OF 2017)dated the 4H1 May, 2017 (copy enclosed)wherein under sub....
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.... such rate, as is leviable under section 8 of the Goods and Services Tax (Compensation to States) Cess Act, 2017 on a like article on supply in India, on the value of the imported article as determined under sub- section (10). (10) For the purposes of calculating the and services tax compensation cess under sub- imported (9) on any imported article where such cess is leviable at any percentage of value, the value of the imported article shall, notwithstanding anything contained in section 14 of the Customs Act, 1962, the aggregate of- (a) the value of the imported article determined under sub- section (1) of section 14 of the Customs Ad, 1962 or the tariff value of such article fixed under sub- section (2) of the section, ....
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....ustoms EDI system. Therefore, with effect from 01.07.2017, it would be mandatory" for the Importers to declare their GSTIN, i.e., the GST registration number on the Bill of Entry if they wish to claim the credit of the IGST paid on the imported goods. Importers not registered with GSTN will to required to declare their PAN along with their State code as per Census of India. This is required for transfer of the IGST paid by the non-GST importers to the account of tie "consumption" Diplomatic organizations or UN bodies can quote their UIN issued by GSTN on the Bill of Entry. In this regard, has also issued Trade Notice No. 09/2017 dated 12.06.20174 wherein it has been indicated that with regard to importer/exporter registered with GSTN, impor....
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....ported goods, The total IGST and compensation Cess paid will be published on every Bill of Entry which can be quoted by the Importer to claim the corresponding credit In the GST return, 4.3 EDI Shipping Bill: 4.3.1 The Integrated Goods and Services Tax Act, 2017, under section 16 provides that export Of goods shall be zero-rated-supply and credit of input tax may be availed for making zero-rated supplies, notwithstanding that such supply may be an exempt supply, The section further lays down that a registered person making zero rated supply shall be eligible to claim refund under either of the following options, namely: (a) he may supply goods or services or both under or Letter of Undertaking, subject to such condition....