Removal of pre-import conditions for imports against Advance Authorization
Notification No. 01/2019 – Customs dated 10.01.2019
Removes pre-import condition and include specified deemed export supplies for exemption from integrated tax and Compensation cess for materials imported against Advance Authorizations and Advance Authorizations for Annual Requirement.
Corresponding changes in Para 4.14 of the Foreign Trade Policy 2015-20 also done vide Notification No. 53/2015-20 dated 10th January, 2019.
Notification No. 18/2015-Cus as amended by Notification No. 79/2017-Cus dated 13.10.2017 inserted the following conditions for exemption from IGST by an importer against Advance Authorization:
- Fulfillment of export obligation only by physical exports
- Pre-import condition
Both these conditions have now been removed w.e.f 10.01.2019 |