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Is import of raw material without BCD and IGST? Will there be any interest obligation if IGST is paid when finished goods are sold in domestic markets?

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Arjun Arjun
Answered on February 17,2020

Inputs/raw materials can be imported and deposited in the licensed warehouse without payment of BCD and IGST. No interest liability arises when the duties are paid at the time of ex-bonding for clearance for home consumption.

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