Home Case Index All Cases GST GST + HC GST - 2020 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (2) TMI 1239 - HC - GSTPermission to re-export the seized goods - demand of furnishing Bank Guarantee of 25% - Petitioner submitted that there is no provision for levy of IGST either on the imported goods or the exported goods under the provision of Integrated Goods and Services Tax Act, 2017. He therefore submitted that the insistence on the part of the respondent no.3 to furnish the bank guarantee of 25% on the amount of IGST is without any basis - HELD THAT:- As this Court has directed the respondent no.2 to permit the petitioner to re-export the goods on furnishing the 25% of the customs duty leviable on redetermined value of goods, then the respondent no.2 is not entitled to ask for bank guarantee on the amount of IGST on redetermined value of goods. The impugned communication dated 07th September, 2018 is hereby quashed and set aside. It is declared that the petitioner is not liable to furnish the bank guarantee of ₹ 15,20,183/ for releasing the goods for re-export, as asked by the respondent no.3 - Petition allowed.
|