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Comments on: Import Of Goods At Concessional Rate Of Duty – Procedure Simplified With A Demerit https://taxclick.org/type/exim/import-of-goods-at-concessional-rate-of-duty-procedure-simplified-with-a-demerit/?utm_source=rss&utm_medium=rss&utm_campaign=import-of-goods-at-concessional-rate-of-duty-procedure-simplified-with-a-demerit Fri, 04 Nov 2016 10:03:55 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: Suresh Shinde https://taxclick.org/type/exim/import-of-goods-at-concessional-rate-of-duty-procedure-simplified-with-a-demerit/#comment-233 Fri, 04 Nov 2016 10:03:55 +0000 https://taxclick.org/?p=2716#comment-233 Imported raw material under concessional rate of duty giving the surety/security to consume within 3 months and manufacture the end product prescribed.
It is not possible to consume the material within 3 months as the duty cycle and minimum import condition by the supplier is an hurdle.
Dept. should extend the end use consumption period atleast for nine months.

]]> By: Babita rawat https://taxclick.org/type/exim/import-of-goods-at-concessional-rate-of-duty-procedure-simplified-with-a-demerit/#comment-155 Thu, 30 Jun 2016 02:52:41 +0000 https://taxclick.org/?p=2716#comment-155 The Above analysis is very helpful.

Please let me know if we have 100 No’s of RM taken under 25-5 benfit and 100 more added by import under IGCR Rules 2016, then total will be 300 No’s in hand and consumption within 3 months period is 200, then the remaining 100 No’s of RM which is unutilized , will attract the duty as per above new rules in quarterly return

]]> By: manish https://taxclick.org/type/exim/import-of-goods-at-concessional-rate-of-duty-procedure-simplified-with-a-demerit/#comment-145 Thu, 23 Jun 2016 05:59:30 +0000 https://taxclick.org/?p=2716#comment-145 Very well summarised. Thorough analysis of IGCR.

Would like to understand the procedure in case e.g. imported by X and manufactured by Y under loan licence basis.
1. Whether benefit of concessional rate of duty is available?
2. Should there be any need to obtain registration by Importer X

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