AAR : No IGST on overseas trading absent importation of goods into India

AAR rules out applicability of IGST where goods are procured from supplier in China and directly supplied to customer in USA, and where goods are warehoused in Netherlands after procuring from China and supplied to overseas customers, absent importation into India; On combined reading of provisions of IGST Act, Customs Tariff Act and Customs Act, AAR holds that goods are liable to IGST when they are imported into India; Observes, “…integrated tax on goods imported into In...