CHANGES IN CUSTOMS RULES

A.

Trade Facilitation- Amendment to IGCR rules, 2017

1.

Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 [IGCR Rules] are being amended to provide the following facilities:

a. to allow job-work of the materials (except gold and jewellery and other precious metals) imported under concessional rate of duty

b. to allow 100% out-sourcing for manufacture of goods on job-work

c. to allow imported capital goods that have been used for the specified purpose to be cleared on payment of differential duty, along with interest, on the depreciated value. The depreciation norms would be the same as applied to EOUs, as per Foreign Trade Policy.