Exemption of IGST on Indian goods reimported after further process

 

GST exemption under Customs Notification No.43/96 dt. 23.07.1996


Click here to know GST exempted list

 

 

43/96-Customs, dated 23.07.1996 is valid when introduction of GST in India on July 01, 2017 for exemption of IGST on imports.

 

Customs Notification No.43/96 dt. 23.07.1996 provides exemption to specified goods on which a manufacturing process was undertaken in India and which were exported out of India for carrying out further manufacturing process of coating, electroplating or polishing or a combination of one or more of these processes, as the case may be, when re-imported into  India  after  completion  of  the  said processes, from the customs  duty leviable on the value of goods which were exported i.e. customs duty is leviable on the value of the fair cost of the said processes carried out abroad (whether such cost is actually incurred or not) and insurance and freight, both ways.

 

According to GST council held on 03.06.2017, the above notification is valid for claiming IGST exemption on imports mentioned under Customs Notification No.43/96 dt. 23.07.1996.

 

Click here to read complete extract of customs notification No: 43/96 dt. 23.07.1996   Customs Notification No.43/96 dt. 23.07.1996

 

 

 

Click here to know GST rate on Goods and Services

GST Exemption list of goods and services

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?

 

GST Tax receipts transaction reported by Bank to RBI but not to GSTN

Error in transaction between GST, authorized banks and RBI under GST tax collection

Communication between GSTN and RBI on GST tax reciepts

Discrepancy in GST tax payments by CPIN,GSTIN,CIN,NEFT/RTGS UTR and Challan amount

How to reduce errors in GST payments by IT system of authorized banks

The legs of communication of data under GST payments

Reconciliation of GST tax collection by Accounting Authorities

Reconciliation by GSTN on GST Tax collection

Process of BRN,CIN,CPIN by RBI and Government on GST fund transfer

Fundamental changes GST from existing Tax System

Reconciliation of Reciepts under GST Tax

GST tax accounting code for CGST,SGST,IGST and Additional Tax

 

How to make delay in delivery of Shipment?

How to minimize import cargo clearance time? An open logic proposal to WTO

How to obtain a duplicate BL, if original bill of lading lost.

Transferability of Bill of Lading

Transhipment - A redefinition                                                    

Travelers to India under import duty exemption, Frequently Asked Questions Part 2 

Triangular export

Triangular shipment

 Types of Insurance Documents.

 How to obtain GSP - Certificate of Origin?

 How to obtain Phyto sanitary certificate. What is phytosanitary certification

 

 

Pharmaceuticals Export Promotion Council

Marine Products Export Development Authority (MPEDA)

Indian Silk Export Promotion Council

Indian Oilseeds & Produce Export Promotion Council

 GJEPC,Gem and Jewellery Export Promotion Council

FIEO,Federation of Indian Export Organization

Export Promotion Council for Handicrafts

Export Promotion Council for EOUs and SEZs

 EPC,Electronics and Computer Software Export Promotion Council

EEPC INDIA,Formerly Engineering Export Promotion Council

Council for Leather Exports

Cotton Textiles Export Promotion Council


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers