Seeks to extend the exemption from Integrated Tax and Compensation Cess upto 31.03.2021 on goods imported against AA/EPCG authorizations

Last updated: 31 March 2020

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This notification extends the exemption from Integrated Tax and Compensation Cess for goods imported under Advance Authorisation (AA) or Export Promotion Capital Goods (EPCG) authorisations. The exemption will now be valid until 31st March 2021. This measure aims to support businesses by reducing import costs.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUBSECTION (i)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 18/2020- Customs

New Delhi, the 30th March, 2020

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table below, in the manner as specified in the corresponding entry in column (3) of the said Table, namely :-

Please refer to the attached file for full notification

FAQ :

The exemption from Integrated Tax and Compensation Cess on goods imported against Advance Authorisation (AA) or Export Promotion Capital Goods (EPCG) authorisations is being extended.

The exemption is extended up to 31st March 2021.

The exemption applies to goods imported against Advance Authorisation (AA) and Export Promotion Capital Goods (EPCG) authorisations.

The exemption covers Integrated Tax and Compensation Cess.

The notification is issued by the Government of India, Ministry of Finance (Department of Revenue).