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EXPORT WITH PAYMENT OF IGST- REJECTED, Customs - Exim - SEZ |
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EXPORT WITH PAYMENT OF IGST- REJECTED |
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Goods Exported with Payment of IGST. However Goods rejected by foreign buyer after reaching at his place as not as per the specifications given. IGST paid on Export received as refund. Export proceeds will not realise and goods will not be re-imported. Now 1. What will be impact on client, under GST act, FEMA Act, Customs Act an treatment in books as well as GST returns. Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
In our you have to reverse all export incentives i.e. refund of IGST, AIR Duty drawback. Further, you can also check the following para of the RBI Master Direction as amended in 2021. 21C.23 “Write-off” of unrealized export bills C.24 Write off in cases of payment of claims by ECGC and private insurance companies regulated by Insurance Regulatory and Development Authority (IRDA) C.25 Write-off – relaxation Page: 1 Old Query - New Comments are closed. |
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