Special economic zone

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2018 Dear Sir,

We have imported machinery for our SEZ unit & the unit is under construction, but now we have trf/sale one new machinery to our branch in another state.
Is it possible? if yes How? Please explain.

CA Padmasri Manyam

CA Padmasri Manyam (Expert)
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14 June 2018 You availed custom duty exemption at the time of import?
Branch in another state is also SEZ unit?

Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2018 YES WE HAVE AVAILED CUSTOM DUTY AT THE TIME OF IMPORT & BRANCH IS EOU

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Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2018 CUSTOM DUTY EXEMPTION

CA Padmasri Manyam

CA Padmasri Manyam (Expert)
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14 June 2018 Supply of goods by SEZ to EOU shall be considered as import of goods by EOU as per SEZ Act. As per GST it is deemed export. But the provisions of SEZ Act will prevail over IGST Act. Therefore, the branch (EOU) has to file bill of entry with respect to such goods and pay custom duty (can claim exemptions if any under customs), IGST.