Extension of the IGST and Compensation cess exemption

Amendments to Foreign Trade Policy 2015-2020 -Extension of the Integrated Good and Service Tax (IGST) and Compensation cess exemption under Advance Authorisation, EPCG and EOU scheme up to 30.06.2022- Notification No. 66 /2015-20

S.O (E): In exercise of powers conferred by Section 5 of FT(D&R) act 1992, read with Paragraph 1.02 of the Foreign Trade Policy, 2015-20, as amended from time to time the Central Goverrunent hereby makes following amendments in Foreign Trade Policy 2015-20.

1. Exemption from Integrated Tax and compensation Cess under Advance Authorization under Para 4.14 of FTP 2015 -20 is extended upto 30.06.2022.
   
2. Exemption from Integrated Tax and Compensation Cess under EPCG scheme under Para 5.01 (a) of FTP 2015-20 is extended upto 30.06.2022.
   
3. Exemption from Integrated Tax and Compensation Cess under EOU scheme under Para 6.01(d)(ii) of FTP 2015-20 is extended upto 30.06.2022.

Effect of this Notification: Para 4.14, Para 5.01(a) and Para 6.01(d)(ii) of FTP 2015-20 are amended as above.

Notification

Also Read:

• Check out the list of Provisions, Circulars, Notifications, Amendments, etc. to be applicable with effect from 1st April 2022 under the various Acts.
• Various extensions were given under the various Laws/Acts at the end of the Financial Year 2021-22.

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