As per the Model GST Law, the GST should be payable on the transaction value of imported goods plus any duties/ taxes, etc, levied under any statute other than the GST laws. This should mean that while paying IGST on the imported goods, basic customs duty (‘BCD’) should be added to the transaction value of the imported goods. Additionally, other duties such anti dumping duties, safe guard duties, etc is envisaged to continue as well. This practice is in line with the current regime as well as the global practices where import VAT or GST is payable.
