Notification No. 06/2018
Date: January 25, 2018
Subject: Exemption of IGST on imported services where customs duties on royalty or licence fee are paid.
Description:
This notification exempts IGST on imported services to the extent of customs duties paid on royalties and licence fees included in transaction value under Rule 10(1)(c) of the Customs Valuation Rules, 2007. The exemption applies where such royalties or fees have already suffered customs duties under the Customs Tariff Act. It prevents double taxation on the same consideration.
Issued for earlier notification?
No — this is an independent exemption notification.