GOI extends the exemption from IGST and Compensation Cess to EOUs on imports till March 31, 2020

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The Government of India (“GOI”) has issued a Notification No. 09/2019 – 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 specified goods procured by EOU’s, STP Units, EHTP units etc. for specified purposes by amending the Notification No. 52/2003 – CT dated March 31, 2003 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/cs09-2019.pdf;jsessionid=33A7FC5D35FC5C79DFB9F03A1C1F1FB4