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 28^th 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 “31^st March, 2018”, the figures and words “1^st October, 2018” shall be substituted.

2. 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 “31^st March, 2018”, the figures and words “1^st October, 2018” shall be substituted.

3. 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 “31^st March, 2018”, the figures and words “1^st October, 2018” shall be substituted.

4. 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 “31^st March, 2018”, the figures and words “1^st October, 2018” shall be substituted.

Members may kindly make a note of the above.

Thanking you,

Yours faithfully,

S. BALARAJU
EXECUTIVE DIRECTOR