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Taxation Central Ministry of Finance Customs Tariff Act, 1975

CBIC (Customs) issues a circular regarding clarification of on the applicability of concessional duty under IGCR Rules, 2022

21-Nov-2024 | Circular No. 26/2024 - Customs

CBIC (Customs) has issued a circular regarding clarification of on the applicability of concessional duty under IGCR Rules, 2022.

By virtue of circular:

- Availment of IGCR (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 benefits, along with duty deferment under MOOWR (Manufacturing and Other Operations in Warehouse), is subject to compliance with the additional conditions prescribed in the Concessional Notification and IGCR Rules.

- Any component used in the manufacturing of cell phones is also eligible for the IGCR (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 benefits, provided it is part of a MOOWR unit.

For more information, please refer to the specified document.

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