Exemptions under Advance Authorisation, EOU and EPCG extended upto March 31, 2020
This is to apprise you regarding recent Notification No. 57/2015-2020 dated March 20, 2019 issued by the Directorate General of Foreign Trade extending the exemption from payment of Integrated Goods and Services Tax and Compensation Cess up-to March 31, 2020 for the following schemes:
- Advance Authorisation scheme;
- Export Oriented Unit scheme; and
- Export Promotion Capital Goods scheme
It is pertinent to note that the corresponding exemption notifications under Customs law are yet to be issued. Post issuance of Customs Notifications only, the extension will be effective. The relevant Customs Notifications are expected to be issued before March 31, 2019.