New Customs Circular 24/2023: Restrictions on Exporting Goods with IGST Payment

CIRCULAR NO. 24/2023-CUSTOMS [F.NO. 450/117/2017-CUS-IV]IMPLEMENTATION OF SECTION 16(4) OF IGST ACT RELATED TO RESTRICTION ON EXPORT OF CERTAIN GOODS ON PAYMENT OF IGST AND COVERAGE UNDER REFUND MECHANISMCIRCULAR NO. 24/2023-CUSTOMS [F.NO. 450/117/2017-CUS-IV], DATED 30-9-2023Reference is invited to sub-section (4) of section 16 of IGST Act, 2017 and Notification No. 1/2023-Integrated Tax, dated 31-8-2023 (copy enclosed).2.Vide Notification No. 27/2023-Central Tax, dated 31-7-2023, Section 16(4) of IGST Act, 2017 will be effective from 1-10-2023. Further, in terms of above provision, vide Notification no. 1/2023-Integrated Tax, dated 31-8-2023,...

Become a Premium member. If you are already a Premium member, please login here to access the full content.