The Synthetic & Rayon Textiles Export Promotion Council

CBIC extends the exemption from Integrated Tax and Compensation Cess upto 31.03.2020 on goods imported against AA/EPCG authorizations

Circular No.ES/426/2018-19                                                             March 26, 2019

To: Members of the Council                     

Sub.: CBIC extends the exemption from Integrated Tax and Compensation Cess upto 31.03.2020 on goods imported against AA/EPCG authorizations

Dear Member,               

Kindly refer to Council’s earlier Circular No. ES/228/2018-19 dated 27th September, 2018 in which  CBIC had 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 Advance Authorisation/ Export Promotion Capital Goods authorizations upto 31st March, 2019.

Now, we would like to inform you that CBIC has issued Notification No. 8/2019-Customs dated 25th March, 2019 extending the date of exemption of Integrated Tax and Compensation Cess on goods imported against AA/ EPCG authorizations upto 31st March, 2020.

Relevant extract of the Notification No. 8/2019- 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 “31st March, 2019”, the figures, letters and word “31st March, 2020” shall be substituted.

2

18/2015-Customs, dated 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 “31st March, 2019”, the figures, letters and word “31st March, 2020” shall be substituted.

3

20/2015-Customs, dated 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 “31st March, 2019”, the figures, letters and word “31st March, 2020” shall be substituted.

4

22/2015-Customs, dated 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 “31st March, 2019”, the figures, letters and word “31st March, 2020” shall be substituted.

5

45/2016-Customs, dated 13th August, 2016 - Exemption for import of fabrics under Special Advance Authorization Scheme under para 4.04A of FTP 2015-20 for manufacture and export of garments.

In the said notification, in the opening paragraph, in condition (xii), for the figures, letters and word “31st March, 2019”, the figures, letters and word “31st March, 2020” shall be substituted.

Members may kindly make a note of the above.

Thanking you,               

Yours faithfully,

S. BALARAJU
EXECUTIVE DIRECTOR