Dear Sir,
We have imported machinery under Zero % Epcg scheme No. 12. - Exim notification no. 16 / 2015
We have not paid any duty , i.e Basic + social welfare + igst.
The B/E shows the Basic duty + IGST as CVD. But under GSTIN Details IGST shown as ZERO.
Our CHA inform us that we can avail the IGST. We want to confirm that we can take a credit of IGST or not.
Waiting for your reply.
Regards,
Sanjay Patel
IGST Credit Not Claimable Under Zero % EPCG Scheme Due to Exemption Until March 31, 2020, Says DGFT Notification A discussion on a forum revolves around the eligibility to claim IGST credit under the Zero % EPCG scheme. An individual inquires about availing IGST credit for imported machinery under this scheme, noting that the B/E shows IGST as CVD, but the GSTIN details show IGST as zero. Two responses clarify that IGST is exempted until March 31, 2020, as per a DGFT notification, and thus, IGST credit cannot be claimed since it was not paid during import clearance. Eligibility for ITC would require payment of IGST in cash and supplying taxable goods or services. (AI Summary)
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