CBIC exempts from Integrated Tax and Compensation Cess till March 31, 2020 on goods imported against AA or EPCG authorizations

Mar 26, 2019 | by Avantis RegTech Legal Research Team


The Central Board of Indirect Taxes and Customs (CBIC) on March 25, 2019, has amended certain Notifications to extend the exemption from Integrated Tax and Compensation Cess till March 31, 2020 on goods imported against Advance Authorisation (AA) or Export Promotion Capital Goods (EPCG) authorizations.

The Notifications are as under:

S. No.

Notification number and date

Amendments

(1)

(2)

(3)

1.

16/2015-Customs, dated April 01, 2015 [vide number G.S.R. 252(E), dated the April 01, 2015]: Regarding implementation of EPCG Scheme under FTP 2015-2020

In the said notification, in the opening paragraph, in the proviso to clause (iii), for the figures, letters and word “31st March, 2019”, the figures, letters and word “31st March, 2020” has been substituted.

2.

18/2015-Customs, dated April 01, 2015 [vide number G.S.R. 254 (E), dated April 01, 2015]: Regarding implementation of Advance Authorisation Scheme under FTP 2015-2020

In the said notification, in the opening paragraph, in condition (xiii), for the figures, letters and word “31st March, 2019”, the figures, letters and word “31st March, 2020” has been substituted.

3.

20/2015-Customs, dated April 01, 2015  [vide number G.S.R. 256 (E), dated April 01, 2015]: Regarding implementation of Advance Authorisation Scheme for annual requirement under FTP 2015-2020

In the said notification, in the opening paragraph, in condition (xiv), for the figures, letters and word “31st March, 2019”, the figures, letters and word “31st March, 2020” has been substituted.

4.

22/2015-Customs, dated April 01, 2015  [vide number G.S.R. 258 (E), dated April 01, 2015]: Regarding implementation of Advance Authorisation Scheme for export of prohibited goods under FTP 2015-2020

In the said notification, in the opening paragraph, in condition (xiii), for the figures, letters and word “31st March, 2019”, the figures, letters and word “31st March, 2020” has been substituted.

5.

45/2016-Customs, dated August 13, 2016 [vide number G.S.R. 795(E), dated August 13, 2016]: Exemption for import of fabrics under Special Advance Authorization Scheme under para 4.04A of FTP 2015-20 for manufacture and export of garments.

In the said notification, in the opening paragraph, in condition (xii), for the figures, letters and word “31st March, 2019”, the figures, letters and word “31st March, 2020” has been substituted.

 

[Notification No. 08/2019-Customs]

Click here to download the Notification.


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