EXPORT OF GOODS
continuing with the example 4, suppose the same goods is exported after 6 months
after addition of margin and modification amounting Rs.30000. For example
drawback factor rate is 98%. Compute export value and refund value in GST.
|Cost of imported goods||129800.00|
|Margin and modification amount||30000.00|
|Sale value for export||159800.00|
|NO IGST (zero rated goods)||0.00|
|BCD from above example||10000.00|
|Refund of BCD @ 98%||9800.00|
|Refund of IGST paid (in example 4) at the time of import as per section 16 of IGST.||19800.00|
|Total refund Amount||29600.00|
Note :- Assuming that provision of section 74 under chapter X of Custom Act , 1962 continue to be same.