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of <h1>Importers Must Use Form IGCR-1 for Concessional Duty Rates Under 2017 Rules, Ensure Information is Updated</h1> Under the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017, importers must provide detailed information on the common portal using Form IGCR-1 to avail concessional duty rates. This includes details about the importer, job worker, manufacturing processes, imported goods, applicable exemption notifications, output services, and intended ports of import. Upon acceptance, an Import of Goods at Concessional Rate Identification Number (IIN) is issued. Importers must also submit a continuity bond with surety or security, ensuring payment of duty differences if exemptions are availed. Updates to the information can be made if details change.
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