Page 176 - COMBINED QUESTIONS AND ANSWERS - EDITION 2019 - PART II_Neat

A-687: ii - Yes, STP can avail IGST exemption on imports.
Q-688: How will export and import be treated under GST?
A-688: The Exporters and supplies to SEZ unit/SEZ developer will be treated as zero rated
supplies and exporters may opt to pay IGST on output and claim its refund. Alternatively
exporters can also export under bond or LUT (without tax).
Import of goods and services would be treated as Inter-State supplies and would be subject
to IGST (in addition to Customs Duties) IGST paid on imports will be available as credit for
further transactions.
Q-689: What are the steps to be followed in case of errors in processing of IGST refunds ?
A-689: The following steps could be followed in case of errors in processing of refunds:

(i) When the records have not been transmitted by GSTN to Customs, exporters may
contact GSTN helpdesk.

(ii) Wherever the error is SB002/SB006, exporter may approach their shipping
line/airline/carrier to file the EGM immediately.
(iii) In cases where the temporary scroll is generated but it’s not included in
the final scroll, the exporters are advised to furnish correct bank account details to
the proper officer (Customs field formation) in order to update the same in ICES,
(iv) As the status of refund claims is available in ICEGATE login, in cases where the
corrective action has been already taken by the exporter, he may write
to ICEGATE/gateway port Customs for redressal.
(v) In general, any grievance related to the IGST refund claim may be brought to the
notice of the Principal Commissioner or Commissioner of the Customs of the
gateway port for necessary action.
Q-690: Domestic supplier Invoice is in Indian rupee whereas Shipping Bill filed is in USD with the
FOB amount shown in Indian rupee as per the Custom Exchange rate, both amounts are
different. How is the exporter supposed to declare?
(i) In GST invoice, value is to be declared as per RBI rate and in export invoice as per
Customs exchange rate
(ii) Both the invoice should be declared as per Customs exchange rate
(iii) Both the invoice should be declared as per RBI rate
(iv) None of the above
A-690: i - In GST invoice, value is to be declared as per RBI rate and in export invoice as per Customs
exchange rate.
Q-691: Explain the IGST applicable on duty exemption/remission schemes under Chapter 4 of the
Foreign Trade Policy
A-691 No exemption from payment of Integrated GST and Compensation Cess would be
available for imports under Advance Authorisation.
Importers would need to pay IGST and take input tax credit as applicable under GST
rules.
However, imports under Advance Authorisation would be exempted from payment
of Basic Customs Duty, Additional Customs Duty specified under Section 3(1), 3(3) and 3(5)

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