IGCR return

[yujin kim]

Dear sir

We import machine from 2006 till now 2-3 machine below IGCR scheme.

We didn't do IGCR return any one time.

Is this return compulsory? if yes, how can we file the return? by online or physically visit the IGCR office / officer something?

AI Summary

Clarification Sought on Filing IGCR Returns for Imported Machines; Customs Rules 1996 Highlight Procedures and Benefits A user inquired about the necessity and procedure for filing IGCR (Import Goods Concessional Rate) returns for machines imported under the scheme since 2006. They were unsure if the return was mandatory and whether it should be filed online or physically. Another participant clarified IGCR's meaning and outlined the customs duty calculations with and without the IGCR license, highlighting a significant duty reduction under the scheme. The discussion also referenced the Customs Rules, 1996, detailing the registration and application processes for manufacturers to avail concessional duty benefits, including maintaining records and submitting monthly returns. There was confusion about the return filing process and its requirements.