CBIC extends Exemption of IGST and Compensation Cess on imported goods under FTP till 30th June 2022

Last updated: 02 April 2022

Quick Summary
The Central Board of Indirect Taxes and Customs (CBIC) has extended the exemption on Integrated Goods and Services Tax (IGST) and Compensation Cess for imported goods under the Foreign Trade Policy (FTP) until June 30, 2022. This extension, announced on March 31, 2022, amends several previous customs notifications. The move aims to provide continued relief and support for businesses involved in import activities.

Exemption of IGST Compensation Cess on imported goods under FTP 2015-2020 extended till June 30, 2022 Read the official notification below - MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 31st March, 2022 No. 19/2022-Customs G.S.R. 248 (E). - In exercise of
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FAQ :

The CBIC has extended the exemption of IGST and Compensation Cess on imported goods under the Foreign Trade Policy (FTP).

The exemption has been extended until June 30, 2022.

This extension was announced on March 31, 2022.

This exemption relates to the Foreign Trade Policy (FTP) 2015-2020.

The exemption covers Integrated Goods and Services Tax (IGST) and Compensation Cess.



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