Concessional import duty compliance requires prior disclosure, identification number generation, and a continuity bond with payment undertaking. Importer intending to avail concessional duty or specified end-use benefits must furnish one-time prior information on the common portal in Form IGCR-1, giving details of the importer, job worker, manufacturing or processing activity, nature of imported goods, applicable notification, output service, intended premises for unit transfer, end-use recipient where relevant, and intended ports of import. Acceptance of the information generates an Import of Goods at Concessional Rate of Duty Identification Number, and the information may be updated if particulars change. The importer must also submit a continuity bond with surety or security and undertake specified payment liability.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Concessional import duty compliance requires prior disclosure, identification number generation, and a continuity bond with payment undertaking.
Importer intending to avail concessional duty or specified end-use benefits must furnish one-time prior information on the common portal in Form IGCR-1, giving details of the importer, job worker, manufacturing or processing activity, nature of imported goods, applicable notification, output service, intended premises for unit transfer, end-use recipient where relevant, and intended ports of import. Acceptance of the information generates an Import of Goods at Concessional Rate of Duty Identification Number, and the information may be updated if particulars change. The importer must also submit a continuity bond with surety or security and undertake specified payment liability.
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