TaxTMI 
TaxTMI 
Imports in Transit During Merger: Who Is the Recipient?
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....mports in Transit During Merger: Who Is the Recipient?<br> Query (Issue) Started By: - Abhijeet Mane Dated:- 23-1-2026 Last Reply Date:- 31-1-2026 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Import consignment is in transit; before BOE filing, the recipient merged and its GSTIN stands cancelled. Should the transferee be treated as importer of record, and can BOE/IGST be filed under its....
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.... IEC/GSTIN based on the NCLT order? Is ITC of IGST available to the transferee-what documents are needed? Any specific circular/case law on goods-in-transit during merger and practical documentation accepted by Customs? Reply By Raam Srinivasan Swaminathan Kalpathi: The Reply: To the querist Kindly get the BOE amended in the name of transferee at Customs. Of course, practical experience is th....
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....at this is easier said than done. You may ask your CHA to get this organised by filing the proper documents with Customs. Reply By Sadanand Bulbule: The Reply: If the merger took effect before filing the Bill of Entry, Customs can treat the transferee as the importer of record and permit filing of BOE and payment of IGST under its valid IEC/GSTIN on the strength of the NCLT order, ROC records an....
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....d a request under Section 149 of the Customs Act. IGST ITC is available to the transferee provided the BOE bears its GSTIN and is accepted in IMS, supported by the BOE, proof of IGST payment and the NCLT merger order. Reply By Shilpi Jain: The Reply: If the ITC of BOE is appearing in the IMS of the transferor Co. could consider accepting the ITC and transferring it through ITC-02<br> Discussion....
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