Import By EOU

[KrishnaKumar A]

Our company is an EOU. Our company want to export with payment of IGST.

However, Customs officials not permitting to pay IGST in cash and avail exemption of BCD while importing goods. They say 52/2003, the Customs notification don't have provision to opt to PaY IGST only.

Kindly reply in the light of Notification 16/2020-CT dated 23.03.2020 (GST)

AI Summary

Customs Officials Block EOU's Cash IGST Payment Amidst BCD Exemption; Clarification Sought on Notification 52/2003 Conflict An Export Oriented Unit (EOU) is facing challenges with customs officials who are not permitting the payment of Integrated Goods and Services Tax (IGST) in cash while availing exemption from Basic Customs Duty (BCD) on imports. The officials cite that Notification 52/2003 does not allow opting to pay IGST only. Amendments through Notification 16/2020-CT allow EOUs to pay IGST and claim refunds without availing BCD benefits. However, the customs officials' stance aligns with existing provisions, which do not support partial exemptions. The issue requires clarification from relevant authorities to resolve this procedural conflict.