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Home» Circulars» Imp Removal Of Pre Import Condition For Exemption From Igst And Compensation Cess For Materials Imported Against Advance Authorization And Advance Authorizations For Annual Requirement Inclusion Of Deemed Export Supplies

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Imp - Removal of Pre-import condition for exemption from IGST and Compensation cess for materials imported against Advance Authorization and Advance Authorizations for Annual Requirement/ Inclusion of deemed export supplies
 

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

* E-mail : info@chemexcil.gov.in Web : https://chemexcil.gov.in

 

EPC/LIC/DGFT_CBIC/AA

   11/01/2019

 

ALL  THE MEMBERS OF THE COUNCIL

 

Important

* Removal of Pre-import condition  for exemption from integrated tax and Compensation cess for materials imported against Advance Authorization and Advance Authorizations

 

for Annual Requirement

 

 

* Inclusion  of deemed export supplies

 

 

 

 

 Dear Members,

 

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-

http://dgft.gov.in/sites/default/files/Notification%20No.%2053%20English%2010-01-2019_0.pdf

 

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-

http://www.cbic.gov.in/htdocs-cbec/customs/cs-act/notifications/notfns-2019/cs-tarr2019/cs01-2019.pdf

 

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 ed@chemexcil.gov.in & deepak.gupta@chemexcil.gov.in .

 

Thanking You,

Yours faithfully,

 

(S. G. BHARADI)
EXECUTIVE DIRECTOR

CHEMEXCIL

 

 

 

 

 

 

 

 

 

 

 

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