https://www.taxtmi.com/forum/issue?id=114482 Removal of the pre import condition allows IGST and compensation cess exemption on imports under Advance Authorization (including specified deemed exports) even when imports follow export. The Advance Authorization remains subject to actual user and non transferability conditions. If the importer availed input tax credit for inputs used in exported goods, a bond to Customs and a Chartered Accountant certificate (within six months of clearance) are required to use imported materials in manufacture of taxable goods; payment of IGST and cess at clearance obviates the bond requirement. The amendment appears to operate prospectively, raising retrospective eligibility concerns. en-us Fri, 11 Jan 2019 10:42:32 +0530 Thu, 23 Jan 2025 15:55:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114482 Removal of the pre import condition allows IGST and compensation cess exemption on imports under Advance Authorization (including specified deemed exports) even when imports follow export. The Advance Authorization remains subject to actual user and non transferability conditions. If the importer availed input tax credit for inputs used in exported goods, a bond to Customs and a Chartered Accountant certificate (within six months of clearance) are required to use imported materials in manufacture of taxable goods; payment of IGST and cess at clearance obviates the bond requirement. The amendment appears to operate prospectively, raising retrospective eligibility concerns. Discussion-Forum GST Fri, 11 Jan 2019 10:42:32 +0530 https://www.taxtmi.com/forum/issue?id=114482