IGST exemption to import minimum value of goods by a foreigner.

 

Import duty and IGST exemption as per Customs Notification 207/89


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207/89-Customs, dated 17.07.1989 is valid when introduction of GST in India on July 01, 2017 for exemption of IGST on imports.

 

Customs Notification 207/89 dt. 17.07.1989 provides exemption to foodstuffs and provisions (excluding fruit products, alcohol and tobacco) when imported into India by a person residing in India, not being a citizen of India subject to the condition, inter alia, that the CIF value of such goods imported in a year does not exceed Rs.1 lakh.

 

The above notification also extends IGST exemption as per GST council meet on 3rd June, 2017.

 

Click here to read complete extract of customs notification No:207/89 dt 17.07.1989   Customs Notification 207/89 dt. 17.07.1989

 

 

 

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