'No duty on imported inputs if export goods produced in bonded warehouse'

Section 16 (1) of the CGST Act, 2017 allows you to take credit of GST paid on any inputs used or intended to be used in the course or furtherance of business, subject to prescribed conditions

Q. We refer to your recent article ‘For a change, a useful and needed circular’. We import the majority of our raw materials, process them and export the final product. We want to take a private bonded warehouse licence along with manufacturing licence, so that we can save import duty as duty drawback rate is not sufficient. SION is not fixed for our product. EOU is also not feasible for us. Do we have to pay import duty at the time of clearance of goods for export from private bonded warehouse?

No. The CBIC Circular no. 38/2018-Customs dated October 18,