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Seeks to amend various Customs exemption Notifications to exempt integrated tax and goods and services tax compensation cess on import of goods under Advance Authorisation/EPCG Schemes till 01.10.2018.

Circular No.ES/ 353/2017-18                                                                     March 29, 2018

To: Members of the Council

Sub: Seeks to amend various Customs exemption Notifications to exempt integrated tax and goods and services tax compensation cess on import of goods under Advance Authorisation/EPCG Schemes till 01.10.2018.

Dear Member,

Central Board of Excise ad Customs (CBEC) has issued Notification No. 35/2018 dated 28th March, 2018 by amending the Notifications to exempt integrated tax and goods and services tax compensation cess on import of goods under Advance Authorisation/EPCG Schemes till 01.10.2018.

Relevant extract of the notification is given here- below:-

  1. Notification No. 16/2015-Customs, dated  1st April, 2015- Regarding implementation of EPCG Scheme under FTP 2015-2020.

In the said notification, in the opening paragraph, in the proviso to clause (iii), for the figures and words “31st March, 2018”, the figures and words “1st October, 2018” shall be substituted.

  1. Notification No.18/2015-Customs, dated 1st April, 2015- Regarding implementation of Advance Authorisation Scheme under FTP 2015-2020.

In the said notification, in the opening paragraph, in condition (xiii), for the figures and words “31st March, 2018”, the figures and words “1st October, 2018” shall be substituted.

  1. Notification No 20/2015-Customs, dated 1st April, 2015- Regarding implementation of Advance Authorisation Scheme for annual requirement under FTP 2015-2020

In the said notification, in the opening paragraph, in condition (xiv), for the figures and words “31st March, 2018”, the figures and words “1st October, 2018” shall be substituted.

  1. Notification No 22/2015-Customs, dated the 1st April, 2015- Regarding implementation of Advance Authorisation Scheme for export of prohibited goods under FTP 2015-2020

In the said notification, in the opening paragraph, in condition (xiii), for the figures and words “31st March, 2018”, the figures and words “1st October, 2018” shall be substituted.

Members may kindly make a note of the above.

Thanking you,

Yours faithfully,

S. BALARAJU
EXECUTIVE DIRECTOR

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