Home» Circulars» Cbic Notification Seeking To Amend Notification No. 48 2017 Dated 18 10 2017 To Amend The Meaning Of Advance Authorisation In The Explanation

 

 

Dear Members,   This is in continuation of council’s recent circular  informing you about DGFT/ CBIC Notifications   regarding  removal of pre-import condition to avail exemption from Integrated Tax and Compensation Cess and exemption from Integrated Tax and Compensation Cess is also extended to deemed supplies.   The Central Board of Indirect Taxes and Customs (CBIC) has now issued   Notification No. 1/2019-Central Tax  dated 15/01/2019  seeking to amend  notification No.  48/2017-Central Tax dated 18/10/2017  (to amend the meaning of Advance Authorisation in the Explanation) pertaining to   deemed exports supplies.   In the said notification, amendments  will be as follows:    In the Table, the column number (2) against S. No.1, after the entry, the following proviso shall be inserted, namely: -   “Provided that goods so supplied, when exports have already been made after availing input tax credit on inputs used in manufacture of such exports, shall be used in manufacture and supply of taxable goods (other than nil rated or fully exempted goods) and a certificate to this effect from a chartered accountant is submitted to the jurisdictional commissioner of GST or any other officer authorised by him within 6 months of such supply,;   Provided further that no such certificate shall be required if input tax credit has not been availed on inputs used in manufacture of export goods.”;   (ii)       In the Explanation against serial number 1 the words “on pre-import basis” shall be omitted.     Member-exports are requested to take note of this CBIC notification  pertaining to deemed export supplied.  For further details of these notifications, please use below links- http://cbic.gov.in/resources//htdocs-cbec/gst/notfctn-01-central-tax-english-2019.pdf http://cbic.gov.in/resources//htdocs-cbec/gst/notfctn-48-cgst-english.pdf   You can also send their feed-back, if any, on ed@chemexcil.gov.in & deepak.gupta@chemexcil.gov.in .   Thanking You, Yours faithfully,   (S. G. BHARADI) EXECUTIVE DIRECTOR CHEMEXCIL