CBEC's guidance note for importers-exporters explains procedural changes, duty calculation, refunds under GST

As Indian Customs gears up for GST roll-out, CBEC issues guidance note for importers and exporters to bring clarity about impact of GST, including changes in import-export procedures, valuation and duty calculation, duty payment through EXIM scrips, dutiability of baggages, project imports, and refunds; States that IGST shall be leviable on aggregate of – (a) value of imported article determined u/s 14(1) of Customs Act / tariff value fixed u/s 14(2) and (b) any customs dut...