Posted on by abhishek

What is the treatment of clearances effected to Special Economic Zones

  1. The clearances effected to the SEZ are zerorated supplies in terms of Section 16 of the IGST Act,2017.
  2. Accordingly, the supplier can claim refund of IGST paid on such supplies or clear the same under bond/letter of undertaking and claim refund of the unutilised ITC.

(FAQ 5: DRUGS AND PHARMACEUTICALS)