Definition of Export

 

Definition of Export

Export of any goods and services and be explained as per definition set by GST.

We can classify Export as Export of Goods and Export of Services

 

How Export of Goods defined under GST?

As per IGST “export of goods” with its grammatical variations and cognate expressions,
means taking goods out of India to a place outside India.

It can be explained as supply of goods and trading outside the domestic territory of a country

 

How Export of Services defined under GST?

 “Export of services” means the supply of any service when, –

(i)                 the supplier of service is located in India,

(ii)               the recipient of service is located outside India,

(iii)             the place of supply of service is outside India,

(iv)             the payment for such service has been received by the supplier of service in convertible foreign exchange; or in Indian rupees wherever permitted by RBI,

(v)               the supplier of service and the recipient of service are not merely establishments of a distinct person if place of supply is out of India.

 

When goods are cleared for export and cross the territorial water, the export is completed.

-          The limit of the territorial waters is the line every point of which is at a distance of twelve nautical miles from the nearest point of the appropriate baseline.