Time for re-exports of ISO containers meant for transportation of Liquid Medical Oxygen extended till 30.09.2022: Circular
- Blog|News|GST & Customs|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 17 February, 2026
Latest from Taxmann
Circular No.01/2022-Customs Dated January 18th, 2022
CBIC has issued circular to allow extension of time period for re-exports of ISO containers meant for transportation of Liquid Medical Oxygen grade till 30.09.2022 upon receipt of requests from the importers, in this regard. This extension shall be available only if ISO containers are imported under Notification No. 104/1994-Customs dated 16.03.1994.
If ISO Containers are imported on lease by availing IGST exemption under serial number 557B of Notification No.50/2017-Customs dated 30.06.2017, it is also clarified that as long as ISO containers are in India under a valid lease and the IGST amount is paid on such lease amount under CGST law, the IGST is not required to be paid on the value of the ISO containers, and in such a situation the need for re-export would not arise.
Click Here To Read The Full Notification
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
