Whether GST will replace Custom Laws??
3 Replies
khushi sharma
(student)
(499 Points)
Replied 20 May 2017
No in GST only CVD and SAD will be replaced the BCD is charged same as charged previously
ALOK RANJAN
(ACCOUNTS OFFICER)
(128 Points)
Replied 26 May 2017
Dear Mr rakesh,
Under Gst, for Inter state & intra state supply of Goods valuation Rule u/s 15 will be prefered but if any import & export then those valuation rule prefered which is mentioned in custom law. Basic custom duty levied in Gst also, & IGST calculated on inclusive Basic custom duty as earlier. So custom law prevail in exsistense even though GST comes.
Regards
Alok Ranjan
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