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IGST Exemption under GST As per discussions in the 16th GST Council Meeting held on 11th June 2017

Goods and Services Tax - GST - Dated:- 12-6-2017 - I. Bilateral Commitments - Imports under Agreement between India and Pakistan /Bangladesh for regulation of Bus Service S. No. Notification Gist of the notification 1. No.4/99-Customs, dated 08.01.1999 1. Passenger bus; and 2. Spares, fuel and consumables for the passenger bus imported under the Agreement between India and Pakistan for regulation of Bus Service between New Delhi and Lahore or under the Agreement between India and Bangladesh for .....

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2. No.9/2012-Customs, dated 09.03.2012 An exporter (with annual export turnover of ₹ 5 crore for each of the last three years) may export cut & polished diamonds (each of 0.25 carat or above) to specified testing agencies/laboratories abroad [as mentioned under paragraph 4.74 of the Handbook of Procedures] for testing. On their re-import [within 3 months from the date of export] such cut and polished diamonds are exempt from customs duties [BCD, CVD and SAD]. These imports will be exem .....

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