EXAMPLE-5
EXPORT OF GOODS
Now
continuing with the example 4, suppose the same goods is exported after 6 months
after addition of margin and modification amounting Rs.30000. For example
drawback factor rate is 98%. Compute export value and refund value in GST.
| PARTICULARS | AMOUNT (Rs) |
| Cost of imported goods | 129800.00 |
| Margin and modification amount | 30000.00 |
| Sale value for export | 159800.00 |
| NO IGST (zero rated goods) | 0.00 |
| Refund calculation | |
| BCD from above example | 10000.00 |
| Refund of BCD @ 98% | 9800.00 |
| Refund of IGST paid (in example 4) at the time of import as per section 16 of IGST. | 19800.00 |
| Total refund Amount | 29600.00 |
Note :- Assuming that provision of section 74 under chapter X of Custom Act , 1962 continue to be same.