Circular No.ES/43/2022-23 4th July, 2022
To: Members of the Council
Sub: Amendments to FTP 2015-2020 - Exemption of Integrated Goods and Service Tax (IGST) and Compensation Cess under Advance Authorisation, EPCG and EOU scheme
Dear Member,
As you may be aware, DGFT had earlier issued Notification No. 66/2015-20 dated 1st April, 2022 by providing extension of IGST and Compensation Cess exemption under Advance Authorisation, EPCG and EOU scheme up to 30th June, 2022.
In this regard, DGFT has now issued Public Notice No.16/205-20 dated 1st July, 2022 by making following amendments in Paras 4.14, 5.01(a) and 6.01(d)(ii) of FTP 2015-20 to provide exemption from Integrated Tax and Compensation Cess:
1) Integrated Tax and Compensation Cess under Advance Authorization as per Para 4.14 of FTP 2015 -20 is exempted as provided in CBIC’s Notification No.37/2022-Cus. dated 30th June, 2022
2) Integrated Tax and Compensation Cess under EPCG scheme as per Para 5.01(a) of FTP 2015-20 is exempted as provided in CBIC’s Notification No.37/2022-Cus. dated 30th June, 2022.
3) Integrated Tax and Compensation Cess under EOU scheme as per Para 6.01(d)(ii) of FTP 2015-20 is exempted as provided in CBIC’s Notification No.37/2022-Cus. dated 30th June, 2022.
Members may kindly make a note of the above.
Thanking you,
Yours faithfully,
S. BALARAJU
EXECUTIVE DIRECTOR
