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Relief for Importers! No IGST on sale of imported goods from Custom Bonded Warehouse before clearance

May 28, 2018
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The Govt. has issued a Circular No. 3/1/2018-IGST, dated May 25, 2018 to clarify that IGST would be levied and collected only when the goods are cleared for home consumption from the customs bonded warehouse, i.e., at the time of filing the ex-bond bill of entry. This Circular would be applicable from April 1, 2018 and certainly it shall provide a big relief to the importers.
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