https://www.taxtmi.com/article/detailed?id=7521 IGST and GST Compensation Cess apply to imports arriving or declared on or after 1 July 2017; IGST is levied on customs value plus customs duties and specified additions (including anti dumping and safeguard duties), while Compensation Cess base is assessable value plus Basic Customs Duty and similar sums. Importers must declare GSTIN on the bill of entry to claim ITC of IGST and Compensation Cess; bill formats and customs GSTIT interoperability are amended for rate, cess and GSTIN capture. Special regimes (EOU/SEZ, export promotion schemes, project import, baggage) and transitional credit/refund mechanics are described. en-us Mon, 24 Jul 2017 06:15:05 +0530 Wed, 11 Feb 2026 15:57:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7521 IGST and GST Compensation Cess apply to imports arriving or declared on or after 1 July 2017; IGST is levied on customs value plus customs duties and specified additions (including anti dumping and safeguard duties), while Compensation Cess base is assessable value plus Basic Customs Duty and similar sums. Importers must declare GSTIN on the bill of entry to claim ITC of IGST and Compensation Cess; bill formats and customs GSTIT interoperability are amended for rate, cess and GSTIN capture. Special regimes (EOU/SEZ, export promotion schemes, project import, baggage) and transitional credit/refund mechanics are described. Articles Customs - Import - Export - SEZ Mon, 24 Jul 2017 06:15:05 +0530 https://www.taxtmi.com/article/detailed?id=7521