CBEC clarifies that
transfer / sale of warehoused goods by importer to any other person falls
within definition of “supply” as per Section 7 of CGST Act, taxable in terms of
Section 9 of CGST Act r/w Section 20 of IGST Act; Since any supply of imported
goods which takes place before they cross customs frontier of India shall be
treated as an ‘inter-state’ supply u/s 7(2) of IGST Act, such transaction of
sale / transfer will be subject to IGST; Value of such supply shall be
determined in terms of Section 15 of CGST Act r/w Section 20 of IGST Act and
rules thereunder; However, so long as such goods remain deposited in warehouse
the customs duty to be collected shall be deferred; It is only when such goods
are ex-bonded u/s 68 of Customs Act that same shall be collected at the value
as had been determined u/s 14 of Customs Act in addition to IGST leviable on
transfer / sale : CBEC Circular
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