Exemption of IGTS on import of specified goods under customs Notfn 10/2014 dt 12.05.2014

 

IGST exemption on import of goods for specified event under notification 10/2014-Customs, dated 12.05.2014


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10/2014-Customs, dated 12.05.2014 is valid when introduction of GST in India on July 01, 2017 for exemption of IGST on imports.

 

As per customs notification 10/2014-Customs, dated 12.05.2014, exemption to specified goods, when imported into India for display or use at any specified event specified subject to the condition, inter alia, that the specified event is being held in public interest and is sponsored or approved by the Government of India or the India Trade Promotion Organization; and  that  the  said  goods  are  imported under an FICCI/TAITRA Carnet issued in accordance with   the   Agreement   between   the   India-Taipei Association in  Taipei and the Taipei Economic  and Cultural Center in India on the FICCI/TAITRA Carnet for the Temporary Admission of Goods signed on 20th March, 2013 and the Carnet is guaranteed by the Federation of Indian Chamber of Commerce and Industry in India (hereinafter referred to as FICCI ).

 

The same import duty exemption has been extended to IGST exemption on import of above mentioned under GST Law 2017.

 

The details of notification 10/2014-Customs, dated 12.05.2014 is extracted here.  Click here to read detailed extract of notification 10/2014-Customs, dated 12.05.2014.   Customs notification 10/2014-Customs, dated 12.05.2014

 

 

 

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Comments


k.velu : Dear raspective team, I am having a small scale industrial unitoffset and suppling printed books. my kind request: let me know that as iam exempted from gst? velu

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