On recommendation of the GST Council, for removal of doubt, it is clarified that the goods mentioned at serial numbers 2 i.e. Goods, other than those falling under Sl. No. 1 exported for repairs abroad and serial number 3 of the Table i.e. Cut and polished precious and semi-precious stones exported for treatment abroad, when re-imported are leviable to integrated tax and cess as leviable under the said Customs Tariff Act, besides the customs duty as specified in the said First Schedule, calculated on the value as specified in column (3), and the exemption, under said serial numbers, is only from the amount of said tax, cess and duty over and above the amount so calculated.
(Notification No. 36/2021 & 37/2021-Customs dtd. 19th July 2021)