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SALE FROM BONDED WAREHOUSE TO OUT OF INDIA

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..... SALE FROM BONDED WAREHOUSE TO OUT OF INDIA
Query (Issue) Started By: - NILESH PITALE Dated:- 10-11-2019 Last Reply Date:- 24-5-2020 Goods and Services Tax - GST
Got 3 Replies
GST
DEAR EXPORTS ONE OF THE MY CLIENT HAVE BEEN IMPORTED THE GOODS AND STORED THE GOODS AT BONDED WARE HOUSE AT NAVA SHIVA PORT AND THE SAME GOODS HAVE SOLD OUT AT TURKY ( OUT OF INDIA). NO DUTY PAID ON IMPORT. .....

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..... QUAIRY : WHEATHER IT IS NON GST SALE OR CONSIDER AS EXPORT SALE LABILE TO IGST IF LUT HAS NOT TAKEN PLEASE GUIDE THANKING YOU Reply By Rajagopalan Ranganathan: The Reply: Sir, Since the imported goods were diverted another foreign country before the goods crossed the customs barrier it is akin to high sea sales and no duty is payable. Import of goods will be completed only when it is cleared .....

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..... by Customs on payment of applicable duty from the bonded warehouse. Reply By Adarsh Sharma: The Reply: As per Section 69 (1) of Customs Act, 1962 (Clearance of warehoused goods for export) any warehoused goods may be exported to a place outside India without payment of import duty if - a shipping bill or a bill of export or the form as prescribed under section 84 has been presented in respect .....

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..... of such goods; Hence you can export the said warehoused goods under section 69 (1) by filling proper Shipping Bill. Reply By YAGAY andSUN: The Reply: Since goods were not crossed the customs frontier, therefore, Indian Tax Jurisdiction i.e. applicability of GST will not come in the purview. Section 69(1) of the Customs Act, 1962 as amended from time to time is an appropriate Section to deal wit .....

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..... h such matters.
Discussion Forum - Knowledge Sharing .....

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