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EXEMPTION IN CASE OF IMPORT GOODS DESTROYED, Customs - Import - Export - Customs - SEZ

Issue Id: - 115052
Dated: 5-6-2019
By:- ANIL KUMAR
EXEMPTION IN CASE OF IMPORT GOODS DESTROYED

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WE HAVE PURCHASED IMPORTED WASTE PAPER WITH EXEMPTION U/S 50/2017-CUSTOMS.

HOWEVER WE HAVE PAID IGST ON THAT. HOW TO GET EXEMPTION U/S 50/2017-CUSTOMS IF WE CAN NOT USE SUCH MATERIAL TO PRODUCED FINISHED GOODS DUE TO GOODS DESTROYED IN TERRIBLE FIRE. HOW TO APPLY FOR THAT EXEMPTION IN THAT CASE. KINDLY LET US KNOW ABOUT FULL GUIDELINES SINCE APPLY TO COMMISSIONER SAHAB.

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1 Dated: 6-6-2019
By:- YAGAY andSUN

For IGST you cannot avail exemption. Section 23 of the Customs Act say remission of duty on lost destroyed or abandon goods can be availed before clearance of goods but not beyond that. Therefore in our view claim Insurance.


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