The Central Board of Indirect Taxes and Customs (CBIC) has clarified the issues relating to Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022.
CBIC had earlier introduced significant changes simplifying and automating the procedures in the (Import of Goods at Concessional Rate of Duty) Rules) IGCR. The online functionality has also been made available on the ICEGATE Portal.
“Upon consideration of various suggestions to further facilitate the trade and to expand the scope of application, the IGCRS Rules, 2022 have been notified, while retaining the basic contours of IGCR, 2017. It is pertinent to note that these changes are of the nature that broadens the scope of coverage of IGCR and ensure that useful additional data fields are effectively captured. It is reiterated that these rules are not a departure from the existing procedure and hence all the clarifications provided vide Circulars 48/2017 dated 08.12.2017, 10/2021 dated 17.05.2021 and 04/2022 dated 27.02.2022, will continue be in effect, unless specifically modified by this Circular,” the circular said.
The circular stated that as a trade facilitation measure, a new Form IGCR-3A has been notified for confirmation of consumption for intended purpose at the common portal at any point in time for immediate re-credit of the bond by the jurisdictional AC/DC, without waiting for the filing of monthly statement on the 10th of every month. The details filed in form IGCR-3A shall get auto populated in the monthly statement of the subsequent month, which has to be only confirmed by the importer.
“The Directorate General of Systems and Data Management, CBIC shall make necessary changes in the system and issue system advisories for guidance and ease of understanding for the trade,” the circular said.
“Suitable Public Notices may please be issued to guide the trade/industry. The trade should be proactively assisted during the transition period keeping in view the resolve to provide an enabling environment for manufacturing. Standing Orders may be issued for the officers and staff. Difficulty, if any, faced in the implementation may be brought to the notice of Board immediately to the email of dircus@nic.in,” the circular added.
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