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of <h1>India Extends IGST and Compensation Cess Exemption for EOUs on Imports to October 1, 2018, under Customs Act Section 25.</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 33/2018-Customs to amend Notification No. 52/2003-Customs, originally dated March 31, 2003. This amendment extends the exemption from Integrated Goods and Services Tax (IGST) and compensation cess for Export Oriented Units (EOUs) on imports until October 1, 2018. The previous deadline for this exemption was April 1, 2018. This change is made under the authority of section 25 of the Customs Act, 1962, and is deemed necessary in the public interest.
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