QUESTION
XYZ(EOU) will be “Billing” the supply of API (Raw Material) to PQR (U.K.) and
physically “Shipping” the supply to ABC(India). XYZ will receive the money in
foreign currency from PQR. The formulation of the said goods viz. capsules will
be directly exported to PQR by XYZ for which XYZ will get foreign currency. 1)
Is XYZ require to charge BCD + GST for such supply since ‘Bill To” is U.K. but
‘Ship To’ is India? 2) For the formulation directly exported, will there be any
export benefit available to XYZ?
ANSWER
The definition of Export is given in IGST Act Section 2(5). The same is as
follows:
'export of goods' with its grammatical variations and cognate expressions, means
taking goods out of India to a place outside India.
If we are going through the definition, then sending material to the Domestic
Destination (ABC India) is not considered as Export of goods, disregarding the
fact that the payment is received in convertible foreign exchange. Under these
circumstances, the material can be delivered to the Domestic Destination against
Advance Authorization. So ABC (India) should take Advance Authorization for
purchase of material from PQR with direction of supply by XYZ.
For taking material from XYZ you have to get the Advance Authorization
invalidation letter in favour of the domestic supplier.
(Reply dt. 31-12-2019)