Amendment in Para 4.10 (i) of the Handbook of Procedures, 2023.
The DGFT amends the Para 4.10 (i) in the Handbook of Procedures, 2023 to permit availment of Input Tax Credit on GST paid material, in respect of Advance Authorization Scheme, for ease of doing business and reduction of transaction cost.
|
Existing Para 4.10(i) |
Amended Para 4.10(i) |
|
Transfer of any duty-free material imported or procured against Advance Authorisation from one unit of a company to another unit for manufacturing purpose shall be done with prior intimation to jurisdictional Customs Authority. Benefit of Input Tax Credit shall not be claimed on such transferred input. |
Transfer of any duty-free material imported or procured against Advance Authorisation from one unit of a company to another unit for manufacturing purpose shall be done with prior intimation to jurisdictional Customs Authority. In case of transfer of duty free imported or indigenously procured materials, on which GST has been paid, between the units located in same or different States, the availment of Input Tax Credit shall be governed as per the provisions of the GST law & the rules made thereunder. |
DGFT
Legal
Company Secretarial
DGFT Notifications
Others
Recent Posts
- Central Government Imposes Minimum Export Price on export of Onions
- Amendment in Import Policy Condition of Gold under HS Code 71081200
- Import of Raw Petroleum Coke delegated to the Commission for Air Quality Management (CAQM)
- DGFT incorporates Policy Condition for export of Non-Basmati rice
- DGFT implements enhanced e-BRC system for self-certification
- DGFT introduces a new centralized Video Conference facility at DGFT HQs
- Central Govt. streamlines Halal Certification process for Meat and Meat Products
- Central Govt. imposes Minimum Export Price on Onion exports
FeATURED ARTICLES
Central Government Imposes Minimum Export Price on export of Onions The DGFT amends the Export Policy of Onions by imposing…
Amendment in Import Policy Condition of Gold under HS Code 71081200 DGFT amends the Import Policy Condition of Gold under…
DGFT incorporates Policy Condition for export of Non-Basmati rice The Central Government incorporates the following Policy Condition for export of…
