IGST and Compensation Cess Exemption under AA, EPCG, and for EOU’s
Circular | Date: 01-07-2022 | ELCINA |
1st July 2022
To: All ELCINA Members
IGST and Compensation Cess Exemption under AA, EPCG, and for EOU’s
Dear Member,
The government has allowed IGST exemption for imports under Advance Authorisation, EPCG Scheme and for Export Oriented Units (EoU’s) vide Cust. Notif. 37/2022 dt. 30th June 2022 and subsequently through DGFT Notification 16/2015-20 dt. 1st July 2022.
Earlier this IGST exemption was provided on a periodic basis like yearly/half-yearly/quarterly only. ELCINA along with other associations was following up to seek a long-term/permanent IGST exemption for these units which has now been allowed. We are thankful to DGFT/CBIC/Meity for their support.
Members may refer to the relevant notification from the link below:
DGFT Notification: https://content.dgft.gov.in/Website/Notification%2016%20English.pdf
Customs Notification: https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2022/cs-tarr2022/cs37-2022.pdf;jsessionid=0C39B5515A924BBC8587949D7B07AABF
Members are requested to kindly share their views and/or queries regarding the subject exemption notification on ashish@elcina.com