Epcg
This query is : Resolved
Vineeth PN
(Querist)
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 ?
Dr.RAMAKRISHNA. C
(Expert)
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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