GOI extends the exemption from IGST and Compensation Cess on goods imported against AA/EPCG authorisations Scheme till March 31, 2020

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The Government of India (“GOI”) has issued a Notification No. 08/2019 – Customs Tariff dated March 25, 2019 which extends the time period of availing the exemption from payment of Integrated Goods and Services Tax (“IGST”) and Compensation Cess (“Cess”) on import of goods against Advance Authorisation and EPCG Authorisation scheme’s etc. by amending the various Notification issued in this regards till March 31, 2020.

The Notification can be accessed at: http://www.cbic.gov.in/resources/htdocs-cbec/customs/cs-act/notifications/notfns-2019/cs-tarr2019/cs08-2019.pdf