![]() ![]() ![]() Now the question arises whether merchant exporter can still go for the above two options which was available before 23rd Oct 2017. On fulfillment of those, the domestic supplier will supply to the merchant export at a concessional rate of 0.1% IGST (or 0.05% CGST & 0.05% SGST). This notification specifies certain conditions. To provide the relief to the exporter from working capital issue, Notification No 40/2017- Central Tax (Rate) dated 23rd Oct 2017 has been issued. Subsequently he will file the refund application for taking the refund of unutilized accumulated Input Tax Credit lying in his ledger.įrom 23rd Oct 2017 Option 2 - File the letter of undertaking ( LUT) and then do the export without payment of IGST.Option 1 - Do the export on payment of IGST and then claim the refund of IGST Paid or.The Merchant Exporter who is doing actual export has two options for taking refund on export. We can differentiate the options available to Merchant Exporter considering the relief granted based on notification issued on 23rd Oct'17 -īefore 23rd Oct 2017. Merchant export means last sale made in India to the Exporter for the purpose of export in the same form. As per Chapter 9 of Foreign Trade Policy (2015-20) para 9.03, 'Merchant Exporter' means a person engaged in trading activity and exporting or intending to export goods.
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