SECTION 20 OF THE INTEGRATED GOODS AND SERVICES TAX ACT, 2017, READ WITH SECTION 7 OF THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 – SUPPLY, SCOPE OF – APPLICABILITY OF IGST/GST ON GOODS TRANSFERRED/SOLD WHILE BEING DEPOSITED IN A CUSTOMS BONDED WAREHOUSE – RESCISSION OF CIRCULAR NO. 46/2017-CUSTOMS, DATED 24-11-2017

CIRCULAR NO. 4/2019-CUSTOMS [F.NO.473/10/2017-LC], DATED 1-2-2019

Kind attention is invited to Board Circular No. 46/2017-Customs dated 24th November, 2017, clarifying the applicability of IGST/GST on goods transferred/sold while being deposited in a warehouse. The said Circular was superseded by Circular No. 03/01/2018-IGST dated 25th May, 2018 w.e.f. 01st April, 2018.

2. Circular No. 3/01/2018-IGST dated 25-5-2018, is being rescinded with effect from 1-2-2019.

3. It is therefore clarified that the Circular No. 46/2017-Customs dated 24th November, 2017 stands rescinded on the date of supersession by Circular No. 3/01/2018-IGST dated 25th May, 2018 i.e. w.e.f. 1st April, 2018.

4. Clarification required, if any, may be sought from the Board.