As you are aware, pre-import condition for exemption of IGST on import under Advance Authorization/ EPCG has been a long-standing issue amongst the exporters. The council has regularly taken up this issue with all the concerned authorities for deletion of the pre-import condition.
Taking cognizance of the representations of the council/trade, the O/o Directorate General of Foreign Trade, New Delhi has issued Notification No 53/2015-20 dated 10/01/2019 regarding Amendment in Para 4.14 and 4.16 (ii) of the Foreign Trade Policy 2015-20 .
As an effect of this notification, Para 4.14 of FTP 2015-20 is amended to remove pre-import condition to avail exemption from Integrated Tax and Compensation Cess and exemption from Integrated Tax and Compensation Cess is also extended to deemed supplies.
For further details, please refer DGFT Notification No. 53 Dt. 10.01.2019 available on below link-
Further, the Department Of Revenue, Ministry Of Finance has also issued its corresponding Notification No.01/2019 Dt. 10.01.2019 Seeking to remove pre-import condition and include specified deemed export supplies for exemption from integrated tax and Compensation cess for materials imported against Advance Authorizations and Advance Authorizations for Annual Requirement.
The details of DOR, MOF notification can also be referred using below link-
Members are requested to take note of these DGFT/ CBIC notifications regarding this important relaxation. You can also send their feed-back, if any, on email@example.com & firstname.lastname@example.org .
(S. G. BHARADI)