RSM India

Clarification in respect of goods sent outside India for Exhibition

Newsflash in respect of clarification issued by the Central Board of Indirect Taxes and Customs (CBIC) wherein procedure to be followed in respect of goods sent/ taken out of India for exhibition or on consignment basis for export promotion has been clarified.

The major points covered in the clarification issued are as follows:

  • Sending goods outside for exhibition or on consignment basis shall not be considered as “supply” and also not considered as “zero rated supply”
  • The registered person shall maintain the record of goods sent for exhibition or on consignment basis as per the prescribed format.
  • If the goods sent neither sold nor brought back to India within six months from the date of removal, such activity shall be considered as “supply”
  • If the goods taken outside India are sold within six months from the date of removal of goods then it shall be treated as supply on the date of such sale, and such person can claim refund.

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