Cross border right to use or lease

Hi,

Not sure about custom duty, buy GST need to be paid because definition of supply includes lease.

Hi,

GST need to paid on the same as it is treated as supply under GST.

According to me, you will need to pay both the customs duty as well as the GST.

However, there is an exemption notification whereby if you re-export the imported good within 18 months, the customs duty will be exempt.

Hi,

You will have to pay both i.e. import duty as well as GST on the same.

As far as the customs duty is concerned, exemption notification no. 27/2002 dated 1.3.2002 deals with imports under lease for execution of contracts but under that notification, re-export of the imported goods must take place within 18 months.

Also with regard to GST if you prove it as a sample of any good then there is no GST otherwise you will have to pay IGST.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Hi,

Lease is specifically covered in the definition of supply. Hence GST will be applicable @18% on leaseing services.

Sir,

Such case is subject to import duty as well as IGST.

However if it's for temporary period of less than. 12 months than you can import it under advance license scheme and no tax is payable on it.

Hi

GST to be paid on lease .

As you mentioned that it will be re imported ,then if its within 18 months then no import duty to be paid.

Hi,

- GST is applicable on it. Not sure about custom duty liabily.

Thanks