IGST AMOUNT SHOWN AS DUTY FOREGONE IN BILL OF ENTRY FOR GOODS NOT ATTRACTING IGST

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....GST AMOUNT SHOWN AS DUTY FOREGONE IN BILL OF ENTRY FOR GOODS NOT ATTRACTING IGST<br> Query (Issue) Started By: - raghunandhaanan rvi Dated:- 18-3-2024 Last Reply Date:- 27-3-2024 Customs - Exim - SEZ<br>Got 5 Replies<br>Customs<br>Sir, We filed a bill of entry for the clearance of goods under the EOU notification. As per the Notification, BCD and IGST are exempted. Even otherwise, IGST is uncondi....

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....tionally exempted for the imported goods under IGST exemption notification 02/2017. In the bill of entry, we declared the relevant Notification No. 02/2017 IGST for exemption of IGST. My question is, when the bill of entry is under EOU notification, the IGST amount is shown as duty foregone, which is incorrect since the product does not attract IGST. Will you please clarify? Reply By Shilpi Jain....

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....: The Reply: To answer your query, it would be required to know what difference would it make whether the exemption is taken under the EOU notification or the general IGST exemption notification? Is it application of rule 96(10)? Reply By Shilpi Jain: The Reply: Also, in your case notification 02/2017 is mentioned and not 50/2003. So the exemption is as per the general IGST exemption notificat....

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....ion only right? Reply By KASTURI SETHI: The Reply: No ramifications at all. It will be treated as a technical error. Reply By Ganeshan Kalyani: The Reply: I agree with the views of the expert. Reply By raghunandhaanan rvi: The Reply: Thank you, experts, for your valuable information<br> Discussion Forum - Knowledge Sharing ....