GST: AAR cannot give ruling on value for levy of IGST on imports

In re HDL Industries (GST AAR Karnataka)

For the import of goods, the importer has to pay custom duty and IGST as per Customs Act, 1962 and Customs Tariff Act, 1975 on the value as determined under the Customs Tariff Act, 1975 at the point when the duties of customs are levied on the said goods. Thus it is evident that the value for levy of IGST on imports is governed by Customs Act, 1962 and Customs Tariff Act, 1975.

The applicant is importing silk reeling machineries from China and is supposed to pay IGST on import

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