TMI BlogFAQs on export and FTP related issues of GST dated 07-07-2017X X X X Extracts X X X X X X X X Extracts X X X X ..... idance note on imports-exports. Please see the following link : http://www.cbec.gov.in/resources//htdocs-cbec/guidnce-note-imprtrs-exprtrs.pdf;jsessionid=64B4B7C8DC1C02885DFAB663533AAA5E Q 2. What is the definition of exports under the GST? Reply. Exports of goods means taking goods out of India to a place outside India. [Section 2(5) of IGST Act.] Q 3. What categories of supplies have been covered as the Zero rated supplies under the IGST Act? Reply. Zero rated supply under Section 16 of the IGST Ac t, 2017 means any of the following supplies of goods or services or both, namely : (a) export of goods or services or both; or (b) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply. For items covered under the GST, scrips can be used for payment of Basic Custom Duty, Safeguard Duty, Transitional Product Specific Safeguard Duty and Antidumping Duty. For items not covered under the GST (specified in Fourth Schedule to Central Excise Act, 1944 covering specified petroleum products, tobacco etc.), in addition to the Basic Custom Duty, Safeguard Duty, Transitional Product Specific Safeguard Duty and Antidumping Duty, scrips can also be used for payment of duties like central excise, CVD/SAD. The scrips cannot be used for payment of any type of GST. Q 8. Where can I find HS code, GST rates for my product? Reply. Please see the following links I-HS codes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ree import of capital goods under the Procurement Certificate procedure will not be available. To import capital goods at zero duty, EOUs will have to follow procedure under of the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017. (ii) Supplies to EOUs Suppliers to EOU will pay normal GST as they would pay while supplying to a domestic unit. An EOU can take Input Tax Credit (ITC) of the GST paid while taking domestic supplies and same can be used for payment of GST on finished goods cleared in DTA. (iii) DTA sale DTA sale shall be subject to fulfillment of the following conditions : <!--[if !supportLists]--> <!--[endif]--> fulfi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . There is no need to update or incorporate the GSTIN in the IEC. However, it is informed that all IECs issued with effect from 1-7-2017, would reflect PAN as IEC. Q 12. Under GST regime, can we get duty free benefit (all duties exempted) if we import using Advance authorization or EPCG? Reply. Under GST regime, both the Advance Authorization and EPCG holders would continue to get the exemption from payment of the Basic Customs Duty, Safeguard Duty, Transitional Product Specific Safeguard Duty and Antidumping Duty. And for items specified in Fourth Schedule to Central Excise Act, 1944 (specified petroleum products, tobacco etc.) exemption from Additional C Duty leviable under Sections 3(1), 3(3) and 3(5) of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply. You need to register only with GSTN and obtain GSTIN. Q 15. Is cess on customs duty to be paid on imports under GST regime? Reply. Education cess and Compensation cess would be applicable on imports. Q 16. Will IGST be refunded for Capital Goods imported under EPCG scheme? Reply. The EPCG holder also will have to pay IGST at the time of imports and take Input Tax Credit (ITC) on the duty paid. He cannot claim refund of any unutilized input tax credit after the exports. Q 17. Will Deemed export drawback and TED refund be available under GST regime for deemed exports? Reply. The following provisions would apply under the GST regime for the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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