MEIS and GST

  

GST and MEIS

  

MEIS and GSTThis post explains about MEIS and GST.I hope this article about GST and MEIS helps you to learn about MEIS and GST.

 

What type of duties can be paid using MEIS or SEIS scrips now? Can we use these scrips to pay GST?

 

The duty credit scrips cannot be used for payment of IGST (Integrated Goods and Services Tax) and GST compensation cess in imports, and CGST, SGST, IGST and GST compensation cess for domestic procurement.

 

For items covered under the GST, scrips can be used for payment of Basic Custom Duty,Safeguard Duty, Transitional Product Specific Safeguard Duty, and Antidumping Duty.

 

For items not covered under the GST (specified in Fourth Schedule to Central Excise Act 1944 covering specified petroleum products, tobacco etc.), in addition to the Basic Custom Duty, Safeguard Duty, Transitional Product Specific Safeguard Duty, and Antidumping Duty, scrips can also be used for payment of duties like central excise, CVD/ SAD.

 

The scrips cannot be used for payment of any type of GST.

 

Do you have different thought on MEIS and GST? Write below about GST and MEIS.

 

MEIS-Merchandise-Exports-from-India-Scheme-under-F-1535.aspx

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Products and markets supported under MEIS Scheme as per foreign trade policy 2015-20

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Validity period and Revalidation for MEIS and SEIS

Declaration of Intent to claim MEIS, Merchandise Exports from India Scheme

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Meaning of CVD, Countervailing Duty under import duty calculation

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No Import customs duty changes under Chapter 01 to 24

 

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Utilization of Advance Authorization scheme before GST and after GST

chapter 7 of the Foreign Trade Policy

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Duty exemptions available for EPCG scheme under GST regime

 

Click here to know GST rate payable for goods or service

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Indian GST Laws

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Service Tariff Code for GST

 

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How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS

Importance of Bill of Lading

 

 

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Comments


Anil Jhaveri: Dear Sir, I want to sell MEIS Authorisation. What HSN Code should I write in my sale invoice ? Regards, Anil

rajesh: We are manufacturer exporter. We have exported 4 containers to Russia against advance payment last year. Due to some specification issue, buyer wants us to replace the material from three container and a few boxes from one container. We have taken MEIS benefit of 4%, and taken iGst. Now goods are being return back to india, which will be reproduced and repacked in the same quantity with correct specification and will be re-exported to same buyer. Do we need to return MEIS benefits and iGST? Will it be treated as import? Or Is there any possibility that we can bring the container under bond to Customs and then re-export the goods. There is no financial transaction involved in replacement of goods, we are replacing same material, same quantity as exported to the buyer. We need your guidance, How we can send the goods back to the buyer after changing the specification. Without incurring losses and losing trust of customs.

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