TMI BlogClarification regarding applicability of Notification No. 45/2017-Customs dated 30.06.2017 on goods which were exported earlier for exhibition purpose/consignment basisX X X X Extracts X X X X X X X X Extracts X X X X ..... (Central Board of Indirect Taxes Customs) ***** Room No.227B, North Block, New Delhi. Dated the 24th July, 2019 To, All Principal Chief Commissioners/ Chief Commissioners of Customs/ Customs (Preventive.) All Principal Chief Commissioners/ Chief Commissioners of Customs Central Tax All Principal Commissioners/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... consignment basis for export promotion except the activities satisfying the tests laid down in Schedule I of the CGST Act, 2017 ) out of India do not constitute supply within the scope of Section 7 of the CGST Act as there is no consideration at that point in time. Since such activity is not a supply, the same cannot be considered as Zero rated supply as per the provisions contained in S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that such re-import cannot be taken to be falling under situation at Sl. No. 1(d) of the said Notification. Such cases will fall more appropriately under residuary entry at Sl. No. 5 of the said Notification even though those specified goods were exported under LUT, in view of the fact that the activity of sending / taking specified goods out of India is neither a supply nor a zero rated supply. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bove clarification shall apply to all pending matters involving similarly placed exporters and importers, as the case may be. 6. Difficulties, if any, may be brought to the notice of the Board. Yours faithfully (Zubair Riaz) Director (Customs) - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanageme ..... X X X X Extracts X X X X X X X X Extracts X X X X
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