Outright Exemptions on import of goods by Advance Authorization holders / EPCG holders / EOUs – Strangled between uncertain destiny!!

by | May 4, 2022 | Articles | 0 comments

GST was announced in July 2017 calling it ‘Good and Simple Tax’. An unplanned introduction meant that several systems were not ready, and exporters specifically felt heat with working capital blockage. In previous indirect tax regime, Advance Authorization (AA) holders, Export Promotion Capital Goods (EPCG) holders and Export Oriented Units (EOUs) enjoyed upfront tax exemption, and also had an alternative settled process for claiming refund at output stage. However, GST was introduced to minimize exemptions at procurement stage and allow seamless refund (wherever needed).

Through this article, Our Partner, Mr. Deepak Suneja and Managing Associate, Ms. Lipika Rustgi have attempted to analyze how the outright exemptions on import of goods by Advance Authorization holders / EPCG holders / EOUs are being strangled between their uncertain destiny.

Please click on the below link to read our latest article titled “Outright Exemptions on import of goods by Advance Authorization holders / EPCG holders / EOUs – Strangled between uncertain destiny!!” on the issue.

Article 86 I Outright Exemptions on import of goods by Advance Authorization holders I EPCG holders I EOUs – Strangled between uncertain destiny

 

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