Amendments to Foreign Trade Policy 2015-2020 - Exemption of Integrated Goods and Service Tax (IGST) and Compensation Cess under Advance Authorisation, EPCG and EOU scheme. - 16/2015-20 - Foreign Trade Policy

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (Directorate General of Foreign Trade) NOTIFICATION No. 16/2015-20 New Delhi, the 1st July, 2022 Subject: Amendments to Foreign Trade Policy 2015-2020 - Exemption of Integrated Goods and Service Tax (IGST) and Compensation Cess under Advance Authorisation, EPCG and EOU scheme. S.O. 3028(E). - In exercise of powers conferred by Section 5 of FT(D R) act 1992 , read with Paragraph 1.02 of the Foreign Trade Policy, 2015-20 , as amended from time-to-time the Central Government hereby makes following amendments in Foreign Trade Policy 2015-20 . 1. Integrated Tax and Compensation Cess under Advance Authorization as per Para 4.14 of FTP 2015 -20 is exempted as provided in the Notification No. 37/2022-Customs dated 30th June 2022 issued by Department of Revenue. 2. Integrated Tax and Compensation Cess under EPCG scheme as per Para 5.01 (a) of FTP 2015-20 is exempted as provided in the Notification No. 37/2022-Customs dated 30th June 2022 issued by Department of Revenue. 3. Integrated Tax and Compensation Cess under EOU scheme as per Para 6.01(d)(ii) of FTP 2015-20 is exempted as provided in the Notification No. 37/2022-Customs dated 30th June 2022 issued by Department of Revenue. Effect of this Notification : Para 4.14 , Para 5.01(a) and Para 6.01(d)(ii) of FTP 2015-20 are amended as above to provide exemption from Integrated Tax and Compensation Cess. [F. No. 01/94/180/373/AM18/PC-4] SANTOSH KUMAR SARANGI, Director Gen. of Foreign Trade Ex-officio Addl. Secy.