Circular No. ES/2/2022-23 4th April, 2022
To: Members of the Council
Sub: CBIC extends the exemption from Integrated Tax and Compensation Cess by three months (up to 30.06.2022) on goods imported against AA/EPCG authorizations
Dear Member,
We would like to inform you that CBIC has issued Notification No. 19/2022-Customs dated 31st March, 2022 by making further amendments in the following notifications in order to extend the exemption from Integrated Tax and Compensation Cess by three months (up to 30th June, 2022) on goods imported against AA/EPCG authorizations:-
S. No.
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Notification number and date
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Amendments
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1
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16/2015-Customs, dated 1st April, 2015 - Implementation of EPCG Scheme under FTP 2015-2020
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In the said notification, in the opening paragraph, in the proviso to clause (iii), for the figures, letters and word “31st March, 2022”, the figures, letters and word “30th June, 2022” shall be substituted.
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2
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18/2015-Customs, dated 1st April, 2015- Implementation of Advance Authorization Scheme under FTP 2015-2020
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In the said notification, in the opening paragraph, in condition (xiii), for the figures, letters and word “31st March, 2022”, the figures, letters and word “30th June, 2022” shall be substituted.
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3
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20/2015-Customs, dated 1st April, 2015 - Implementation of Advance Authorization Scheme under FTP 2015-2020
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In the said notification, in the opening paragraph, in condition (xiv), for the figures, letters and word “31st March, 2022”, the figures, letters and word “30th June, 2022” shall be substituted.
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4
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22/2015-Customs, dated 1st April, 2015 -Implementation of Advance Authorization Scheme for export of prohibited goods under FTP 2015-2020
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In the said notification, in the opening paragraph, in condition (xiii), for the figures, letters and word “31st March, 2022”, the figures, letters and word “30th June, 2022” shall be substituted.
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5
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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.
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In the said notification, in the opening paragraph, in condition (xii), for the figures, letters and word “31st March, 2022”, the figures, letters and word “30th June, 2022” shall be substituted.
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Members may kindly make a note of the above.
Thanking you,
Yours faithfully,
S. BALARAJU
EXECUTIVE DIRECTOR