With the onset of GST regime, there have been lot of concerns regarding LUT/ BOND/ Bank Guarantee, refunds, fate of export promotion schemes etc.

Course Outline:

• Brief introduction of IGST (the tax replacing CVD & SAD) & Impact of GST on Import and Export
• Co-relation with schemes of Foreign Trade Policy (FTP) & how to understand various instruments like Advance Authorisation (AA)/ Export Promotion Capital Goods Scheme (EPCG)/ Deemed Exports (DE)- post GST.
• The modification carried out in documents like Shipping bill and Bill of Entry.
• Importance of purchase management
• The concept of AEO & benefits arising out of AEO
• Customs Tariff & Classification under import / export.
• Various exemption notifications
• Computation of Tax – Value of Supply and Time of Supply
  • Value of Supply and Output Tax on Deemed Supplies
  • Bad Debt Relief
  • The Various Rules for Time of Supply and Its Applications in Rate Change Exempt supplies
• Scope of Tax, Supplies, Place of Supply, Taxable Person and Imports
  • Supply and Consideration
  • Supply of Goods and Services
  • Exempt supplies
  • Deemed Supplies
  • Place of Supply
  • GST on Imports
• Actual documentation- Commercial & Regulatory
• Tax Structure and Input Credit under Import- Export
• Refund of Tax
• Practical tips for correct documentation.