TMI BlogIGST AMOUNT SHOWN AS DUTY FOREGONE IN BILL OF ENTRY FOR GOODS NOT ATTRACTING IGSTX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, We filed a bill of entry for the clearance of goods under the EOU notification. As per the Notification, BCD and IGST are exempted. Even otherwise, IGST is unconditionally exempted for the imported goods under IGST exemption notification 02/2017 . In the bill of entry, we declared the relevant Notification No. 02/2017 IGST for exemption of IGST. My question is, when the bill of entry is under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... EOU notification, the IGST amount is shown as duty foregone, which is incorrect since the product does not attract IGST. Will you please clarify? - Reply By Shilpi Jain - The Reply = To answer your query, it would be required to know what difference would it make whether the exemption is taken under the EOU notification or the general IGST exemption notification? Is it application of rule 96(10) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ? - Reply By Shilpi Jain - The Reply = Also, in your case notification 02/2017 is mentioned and not 50/2003. So the exemption is as per the general IGST exemption notification only right? - Reply By KASTURI SETHI - The Reply = No ramifications at all. It will be treated as a technical error. - Reply By Ganeshan Kalyani - The Reply = I agree with the views of the expert. - Reply By raghunandhaanan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rvi - The Reply = Thank you, experts, for your valuable information - IGST AMOUNT SHOWN AS DUTY FOREGONE IN BILL OF ENTRY FOR GOODS NOT ATTRACTING IGST - Query Started By: - raghunandhaanan rvi Dated:- 18-3-2024 Last Replied Date:- 27-3-2024 Customs - Exim - SEZ - Got 5 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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