Concessional-rate import compliance requires advance importer, goods, intended-use, facility and bond information for duty-benefit administration. Prior import information for concessional-rate IGCR goods must identify the importer, imported goods, applicable notification benefit and intended ... Summary
Concessional-rate import compliance requires advance importer, goods, intended-use, facility and bond information for duty-benefit administration.
Prior import information for concessional-rate IGCR goods must identify the importer, imported goods, applicable notification benefit and intended purpose. The purpose may cover manufacturing, specified end use, export, supply to an end-use recipient or provision of output service. Details of manufacturing facilities used by the importer, job worker or transferee unit, and of end-use recipients where applicable, must be provided. Bond particulars include the continuity bond number, amount and balance, with the bond amount based on estimated duty foregone during the financial year.
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