May 07, 2024
Prepared by
Import of Goods is conspicuous by its absence in Section 7. Why ?
Import of goods is dealt separately under the Customs Act, 1962, wherein IGST and compensation cess (wherever applicable) shall be levied under the Customs Tariff Act, 1975 in addition to basic customs duty. Proviso to section 5(1) of IGST Act, 2017 may be referred to.
Tags
section-7customs-dutysection-5-1-import-of-goodsigstcompensation-cess