Under the GST regime, what is the status of anti-dumping and safeguard duties on imported goods?
Those duties are levied under the Customs Tariff Act, 1975 and so, they will not be affected. Some of the notifications where “landed value” is a criterion for calculating the anti-dumping duty may have to be amended, considering the levy of IGST. Anyway, a very important change is that at present anti-dumping and safeguard duties do not form part of the value for levy of CVD, whereas anti-dumping and safeguard duties, besides assessable value and basic customs duty, will be included in the value for the purpose of levy of IGST.
What will be the status of advance licence/ authorisation issued by DGFT under GST? Whether manufacturer will not be required to pay customs duty and IGST under the licence and export goods under zero duty against the licence and complete the export obligation? Will we have to pay IGST and claim a refund after realisation of exports? In case IGST has to be paid, how will the input credit for refund be worked out? Will the Department accept the SION norms? What will be the status of the licence where exports have been carried out and imports will come after July 1, 2017?
via ‘Anti-dumping, safeguard duties will be part of the value for levy of IGST’ | Business Standard News
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