IMPORT OF SPARE PARTS UNDER EPCG SCHEME.

[KANHAIYA AGRAWAL]

Please guide me on the GST implications on import of spare parts under the EPCG scheme.

Is IGST payable ?

Thanks in advance.

AI Summary

IGST Exemption on Spare Parts Imported Under EPCG Scheme Clarified; Refer to Notifications 16/2015-20 & 26/23-Customs. A user inquired about the GST implications on importing spare parts under the EPCG scheme, particularly if IGST is payable. Respondents clarified that capital goods imported under EPCG Authorization for physical exports are exempt from IGST and Compensation Cess, as per the Customs Tariff Act, 1975. They referenced Notification No. 16/2015-20 and Notification No. 26/23-Customs for further guidance. Additionally, it was noted that spares, moulds, dies, jigs, fixtures, tools, and refractories are included as capital goods under the EPCG scheme, allowing their import.