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

EPC/LIC/CBIC   

 1st July 2022

TO

ALL THE MEMBERS OF THE COUNCIL

CBIC

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