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CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th Floor, 7 Cooperage Road, Mumbai - 400 001.India.
Tel : +91 22 22021288 / * Fax : +91 22 22026684
email : info@chemexcil.gov.in Web : https://chemexcil.in
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EPC/LIC/CBIC
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1st July 2022
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TO
ALL THE MEMBERS OF THE COUNCIL
CBIC
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Notification to continue the exemption from Integrated Tax and Compensation
Cess on goods imported under AA/EPCG/EOU Schemes
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Dear Members,
We would like to inform you that Department of Revenue (DoR), Ministry of Finance has issued Notification No. 37/2022-Customs dated 30.06.2022 which seeks to continue the exemption from Integrated Tax and Compensation Cess on goods imported under AA/EPCG/EOU Schemes.
This is in line with recommendations of 47th GST Council Meeting dated 28th/ 29th June 2022 wherein it was decided that Present exemption of IGST on import of goods under AA/EPCG/EOU scheme to be continued and E-wallet scheme not to be pursued further.
DOR has issued the updated Customs Notification removing the date limitation for the exemption under the above schemes.
Members (availing above schemes) are requested to take note. For further details, you may refer to the Customs Notification No. 37/2022- Customs Dt. 30.06.2022 using below link-
https://taxinformation.cbic.gov.in/view-pdf/1009391/ENG/Notifications
The Corresponding DGFT Notification under Chapter 4 is however awaited and shall be informed in due course.
Feed-backs, if any, may be sent to us on our e-mail ids:-dg@chemexcil.in, pw@chemexcil.in, robengaluru@chemexcil.in and rd.ahd@chemexcil.in .
Thanking you.
Yours faithfully,
Deepak Gupta
Acting Executive Director
CHEMEXCIL
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