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

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....M HOUSE, SHEVA, TAL-URAN, DISTRICT-RAIGAD, MAHARASHTRA-400707 FN. S/22-Gen-20/2020-21/AM (I)/JNCH Pt-I Dated: 26.07.2021 PUBLIC NOTICE NO. - 75/2021 DIN-20210778NW000000E4A5 Sub: 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 43r....

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....tively under sub-section (7) and (9) of section 3 of the said Customs Tariff Act, 1975 as is in excess of the duty of customs which would be leviable if the value of reimported goods after repairs were made up of the fair cost of repairs carried out including cost of materials used in repairs (whether such costs are actually incurred for not), insurance and freight charges, both ways. 3. Howeve....

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....he issue and recommended that a suitable clarification, including any clarificatory amendment, if required, may be issued for removal of any doubt, to clarify the decision of the GST Council that re-import of goods sent abroad for repair attracts IGST and cess (as applicable) on a value equal to the repair value, insurance and freight. 5. Accordingly, as recommended by the GST Council, it is cl....