EOU compliance amendments clarify customs and excise exemptions, GST interaction, updated notifications and revised B 17 bond procedural requirements. Amendments align Customs and Central Excise notifications with FTP 2015-2020 and post GST law: imported goods may be temporarily cleared without payment of customs duties, IGST and compensation cess not paid at import while GST liability on supply is governed by GST law; duties on DTA clearance correspond to the exemption availed at import with depreciation allowed for capital goods and transaction value treatment for leftover textiles. The amendments update job worker GST registration rules, replace obsolete notification references, extend specified re import periods for certain electronics, and introduce a revised B 17 bond for new EOUs.
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EOU compliance amendments clarify customs and excise exemptions, GST interaction, updated notifications and revised B 17 bond procedural requirements.
Amendments align Customs and Central Excise notifications with FTP 2015-2020 and post GST law: imported goods may be temporarily cleared without payment of customs duties, IGST and compensation cess not paid at import while GST liability on supply is governed by GST law; duties on DTA clearance correspond to the exemption availed at import with depreciation allowed for capital goods and transaction value treatment for leftover textiles. The amendments update job worker GST registration rules, replace obsolete notification references, extend specified re import periods for certain electronics, and introduce a revised B 17 bond for new EOUs.
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