Applicability of IGST on goods supplied while being deposited in a customs bonded warehouse


Applicability of IGST on goods supplied while being deposited in a customs bonded warehouse
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Saturday, May 26, 2018
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Dear all,

Your association is forwarding herewith a circular No. 3/1/2018 -IGST issued by Ministry of Finance, Government of India, dated 25/05/2018 regarding applicability of Integrated Goods and Services Tax (integrated tax) on goods supplied while being deposited in a customs bonded warehouse-reg.

In this letter a Circular No. 46/2017-Customs dated 24.11.2017 is referred whereby the applicability of integrated tax on goods transferred/sold while being deposited in a warehouse (hereinafter referred to as the “warehoused goods”) was clarified.

For more details, please go through the attachment.

Thanking you,
With regards,

For Silvassa Industries & Manufacturers Association,

Narendra Trivedi, 
Secretary  


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