Exemption to be continued for Compensation Cess and IGST on goods imported under AA/EPCG/EOU Schemes

By:

The CBIC vide Notification No. 37/2022- Customs, dated June 30, 2022 has issued amendments in certain earlier issued Notifications that exempted the levy of the Customs Duty, Additional Duty and Integrated Goods and Services Tax (“IGST”) and the Goods And Services Tax Compensation Cess (“Compensation Cess”) on various goods imported under Advance Authorisation (“AA”) Scheme / Export Promotion Capital Goods (“EPCG”) Scheme /EOU Schemes Special Advance Authorization (“SAA”) Scheme / Export Oriented Undertaking (“EOU”) or Electronic Hardware Technology Park (“EHTP”) or Software Technology Park (“STP”) unit etc., in order to continue such exemption of the IGST and Compensation Cess after June 30, 2022, in a following manner:

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 April 01, 2015] In the said notification, in the opening paragraph, the proviso to clause (iii) shall be omitted.

2.

18/2015-Customs, dated April 01, 2015 [vide number G.S.R. 254 (E), dated April 01, 2015]

In the said notification, in the opening paragraph, clause (xiii) shall be omitted.

3.

20/2015-Customs, dated April 01, 2015 [vide number G.S.R. 256 (E), dated April 01, 2015] In the said notification, in the opening paragraph, clause (xiv) shall be omitted.

4.

22/2015-Customs, dated the April 01, 2015 [vide number G.S.R. 258 (E), dated April 01, 2015]

In the said notification, in the opening paragraph, clause (xiii) shall be omitted.

5.

45/2016-Customs, dated August 13, 2016 [vide number G.S.R. 795(E), dated August 13, 2016] In the said notification, in the opening paragraph, clause (xii) shall be omitted.

6.

52/2003-Customs, dated March 31, 2003 [vide number G.S.R. 274(E), dated March 31, 2003]

In the said notification, in the opening paragraph, in the proviso, for the brackets, letters and figures “nothing contained in clause (B) above shall apply on or after July 01, 2022, subject to the following conditions” the words “exemption under this notification shall be subject to the following conditions” shall be substituted.

The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009391/ENG/Notifications

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