IGST on Import

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..... IGST on Import
Query (Issue) Started By: - KUMAR Narasimhan Dated:- 16-3-2022 Last Reply Date:- 22-3-2022 Goods and Services Tax - GST
Got 3 Replies
GST
Dear Sir/Madam, A GST registered .....

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..... person bringing the Imported goods along with him in flight for selling that product in India. Should the IGST to be paid for the product during the customs clearance in the Airport. Please help me t .....

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..... o understand the customs procedure with respect to the above situation. Reply By Shilpi Jain: The Reply: At the time of customs clearance of passenger, the goods can be assessed to customs. There is .....

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..... a certain limit of exemption available for baggage. The rest gets taxed under customs. Reply By raghunandhaanan rvi: The Reply: Sir, Commercial goods cannot be imported as baggage even though you .....

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..... pay the duty rate applicable to baggage. The baggage rate is higher than the normal import rate. Such goods may be allowed clearance on payment of redemption fine and penalty and duty payment. Howeve .....

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..... r, IGST is exempted if duty is payable at the baggage rate. Reply By KUMAR Narasimhan: The Reply: Dear Mam / Sir, Thank you for the information.
Discussion Forum - Knowledge Sharing .....

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