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CBIC extends the date of exemption from Integrated Tax and Compensation Cess upto 31.03.2019 on goods imported against Advance Authorisations (AA)/ Export Promotion Capital Goods (EPCG) authorizations

Circular No. ES/228/2018-19                                                                         September 27, 2018 

To: Members of the Council

Sub: CBIC extends the date of exemption from Integrated Tax and Compensation Cess upto 31.03.2019 on goods imported against Advance Authorisations (AA)/ Export Promotion Capital Goods (EPCG) authorizations

Dear Member,

The Council would like to inform you that CBIC has issued Notification No. 66/2018- Customs dated 26th September, 2018 extending the date of exemption from Integrated Tax and Compensation Cess on goods imported against AA/ EPCG authorizations upto 31st March, 2019.

In this regard, the Council had earlier issued Circular No.ES/ 353/2017-18   dated  March 29, 2018 wherein CBIC had issued Notification No. 35/2018 dated 28th March, 2018 extending the exemption date of integrated tax and goods and services tax compensation cess on import of goods under Advance Authorisation/ EPCG Schemes from 31st March, 2018 upto 01st October, 2018.

Relevant extract of the Notification No. 66/2018- Customs is as follows:

S. No

Notification number and date

New Amendments

1

16/2015-Customs, dated 1st  April, 2015-  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, letters and word “1st October, 2018”, the figures, letters and word “31st March, 2019” shall be substituted

2

18/2015-Customs, dated the 1st April, 2015 - Implementation of Advance Authorisation Scheme under FTP 2015-2020

In the said notification, in the opening paragraph, in condition (xiii), for the figures, letters and word “1st October, 2018”, the figures, letters and word “31st March, 2019” shall be substituted

3

20/2015-Customs, dated the 1st April, 2015 - 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, letters and word “1st October, 2018”, the figures, letters and word “31st March, 2019” shall be substituted.

4

22/2015-Customs, dated the 1st April, 2015 - 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, letters and word “1st October, 2018”, the figures, letters and word “31st March, 2019” shall be substituted

Members may kindly make a note of the above amendments.

Thanking you,

Yours faithfully,

S.BALARAJU
EXECUTIVE DIRECTOR

 

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