Epcg
This query is : Resolved
27 June 2017
We already collected EPCG licence and capital goods reached at our port.but clearing will happnd only after july 1.how will effect EPCG Licence Value. Shall i Payable IGST for this Transaction? or we can take benefit for CVD & AED ?
15 September 2017
Yes, you are liable to pay IGST and take the same as input tax credit. Pay basic customs duty , cess and IGST. IGST paid may be taken as Input Tax Credit.
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