CBIC extends Exemption of IGST and Compensation Cess on imported goods under FTP till 30th June 2022

Last updated: 02 April 2022

Exemption of IGST & Compensation Cess on imported goods under FTP 2015-2020 extended till June 30, 2022

CBIC extends Exemption of IGST and Compensation Cess on imported goods under FTP till 30th June 2022

Read the official notification below -

MINISTRY OF FINANCE
(Department of Revenue) NOTIFICATION
New Delhi, the 31st March, 2022
No. 19/2022-Customs

G.S.R. 248 (E). - In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table below, in the manner as specified in the corresponding entry in column (3) of the said Table, namely:-

TABLE

S. No.	Notification number and date	Amendments
(1)	(2)	(3)
1.	16/2015-Customs, dated the 1^st April, 2015 [vide number G.S.R. 252(E), dated the 1^st April, 2015]	In the said notification, in the opening paragraph, in the proviso to clause (iii), for the figures, letters and word "31^st March, 2022", the figures, letters and word "30^th June, 2022" shall be substituted.
2.	18/2015-Customs, dated the 1^st April, 2015 [vide number G.S.R. 254 (E), dated the 1^st April, 2015]	In the said notification, in the opening paragraph, in condition (xiii), for the figures, letters and word "31^st March, 2022", the figures, letters and word "30^th June, 2022" shall be substituted.
3.	20/2015-Customs, dated the 1^st April, 2015 [vide number G.S.R. 256 (E), dated the 1^st April, 2015]	In the said notification, in the opening paragraph, in condition (xiv), for the figures, letters and word "31^st March, 2022", the figures, letters and word "30^thJune, 2022" shall be substituted.
4.	22/2015-Customs, dated the 1^st April, 2015 [vide number G.S.R. 258 (E), dated the 1^st April, 2015]	In the said notification, in the opening paragraph, in condition (xiii), for the figures, letters and word "31^st March, 2022", the figures, letters and word "30^th June, 2022" shall be substituted.
5.	45/2016-Customs, dated the 13^th August 2016 [vide number G.S.R. 795(E), dated the 13^th August, 2016]	In the said notification, in the opening paragraph, in condition (xii), for the figures, letters and word "31^st March, 2022", the figures, letters and word "30^th June, 2022" shall be substituted.

[F. No. 605/52/2017-DBK (Pt. III)]
GOPAL KRISHNA JHA, Director (Drawback)

Note:

The principal notification No. 16/2015-Customs, dated the 1^st April, 2015 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.252 (E), dated the 1^st April, 2015 and was last amended by notification 23/2021-Customs, dated the 31^st March,2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 232(E), dated the 31^st March,2021.
The principal notification No. 18/2015-Customs dated the 1^st April, 2015 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 254 (E), dated the 1^st April, 2015 and was last amended by notification 23/2021-Customs, dated the 31^st March,2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 232(E), dated the 31^st March,2021.
The principal notification No. 20/2015-Customs dated the 1^st April, 2015 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 256 (E), dated the 1^st April, 2015 and was last amended by notification 23/2021-Customs, dated the 31^st March,2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 232(E), dated the 31^st March,2021.
The principal notification No. 22/2015-Customs dated the 1^st April, 2015 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 258 (E), dated the 1^st April, 2015 and was last amended by notification 23/2021-Customs, dated the 31^st March,2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 232(E), dated the 31^st March,2021.
The principal notification No. 45/2016-Customs dated the 13^th August, 2016 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 795 (E), dated the 13^th August, 2016 and was last amended by notification No. 23/2021-Customs, dated the 31^st March,2021, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number S.R. 232(E), dated the 31^st March,2021.