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