GST Exports-Imports & Deemed Exports

GST Exports-Imports & Deemed Exports is a harmonious blend of the following laws:

• GST
• Customs
• Foreign Trade Policy
• Allied Laws

This book aims to consolidate & explain different provisions of the law and subsequent procedural changes such as Notifications, Circulars, Instructions and Trade Notices issued by CBIC and DGFT, along with relevant Advance Rulings with regards to Imports, Exports, Deemed Exports under different laws.

This book is intended to help the trade and industry dealing with exports, imports and deemed exports for compliance with the legal requirements and avail the benefits under various provisions of the Foreign Trade Policy, Customs and GST laws with better understanding and appreciation of the intricacies.  

The Present Publication is the 2nd Edition, authored by Kaza Subrahmanyam & T.N.C. Rajagopalan, with the following coverage:

• [Conceptual Understanding of provisions of Imports and Exports] of Goods & Services
• [Meaning of Zero Rated Supply along with Refunds] for Physical Exports and Deemed Exports under GST
• [Treatment of supplies by and to EOU/SEZ unit or SEZ Developer/FTWZ] along with Special Exemptions/Concessions and procedural requirements
• [Foreign Trade Policy] under GST

The detailed contents of the book are as follows:

• [Import of Goods under GST] The first chapter gives not only the relevant GST provisions but also the gist of the relevant provisions under the Customs and the Foreign Exchange Management laws and some relevant advance rulings
• [Import of Services under GST] The second chapter presents a fair treatment on determining the place of supply. The FAQs of the CBIC and the gist of some relevant advance rulings are also given
• [Export of Goods under GST] The third chapter deals with the export of goods under the letter of undertaking without payment of IGST and export of goods on payment of IGST under refund claim highlighting various restrictions placed from time to time. It also deals with the relevant duty drawback provisions and refund of unutilized credit due to the export of goods under the letter of undertaking without payment of IGST. Export through merchant exporter is also dealt with in this chapter
• [Export of Services under GST] The fourth chapter deals with the determination of place of supply of services, zero-rated supply that includes with the export of services under the letter of undertaking without payment of IGST and export of services on payment of IGST besides refund of unutilized credit due to export of services under the letter of undertaking without payment of IGST
• [Deemed Exports under GST] The fifth chapter deals with Deemed Exports under GST, where refund of GST paid on specified supplies can be claimed by the supplier or recipient of the goods. Where necessary, the relevant provisions from the Foreign Trade Policy are also given along with the gist of some advance rulings
• [Supplies To or By Special Economic Zone/Special Economic Zone Developer] The sixth Chapter deals with supplies to units or developers in a Special Economic Zone that are zero-rated and the related provisions for supplies under the letter of undertaking without payment of IGST and supplies on payment of IGST besides refund unutilized credit due to such supplies under the letter of undertaking without payment of IGST. It also deals with supplies by the units or developers in Special Economic Zones to the domestic tariff area
• [Refund of GST for Physical Exports and Deemed Exports] The seventh chapter gives the procedures for getting the refunds and various instructions that deal with mismatches
• [Foreign Trade Policy under GST] The eighth chapter deals with various schemes like duty exemption scheme, EPCG scheme, duty credit schemes under the export from India schemes and so on
• [Integrated Goods and Services Tax Act 2017 (IGST) under Customs] The ninth chapter deals with various provisions under the Customs laws, duty drawback, trade facilitation measures such as paperless processing and so on
• [IGST – Some Relevant Provisions] The tenth chapter deals with some relevant provisions of the IGST Act, 2017 that are relevant for understanding various aspects of exports, imports and deemed exports