Enhancement of facilities under the Customs(Import of Goods at Concessional Rate of Duty) Rules,2017 https://www.taxtmi.com/news?id=24044 Amendments to the IGCR, 2017 permit imported inputs to be sent out for job work and allow importers without manufacturing facilities to import at concessional Customs duty and have final goods produced entirely on job work basis, excluding specified sectors. Capital goods imported at concessional duty may be cleared domestically on payment of duty and interest calculated on a depreciated value. Procedural changes permit electronic submission of intimations and records to jurisdictional Customs officers, with CBIC Circular No.10/2021-Customs providing implementation guidance and a list of overseeing officers. en-us Wed, 19 May 2021 09:48:35 +0530 Wed, 19 May 2021 09:48:35 +0530 TaxTMI RSS Generator Enhancement of facilities under the Customs(Import of Goods at Concessional Rate of Duty) Rules,2017 https://www.taxtmi.com/news?id=24044 Amendments to the IGCR, 2017 permit imported inputs to be sent out for job work and allow importers without manufacturing facilities to import at concessional Customs duty and have final goods produced entirely on job work basis, excluding specified sectors. Capital goods imported at concessional duty may be cleared domestically on payment of duty and interest calculated on a depreciated value. Procedural changes permit electronic submission of intimations and records to jurisdictional Customs officers, with CBIC Circular No.10/2021-Customs providing implementation guidance and a list of overseeing officers. News - Wed, 19 May 2021 09:48:35 +0530 https://www.taxtmi.com/news?id=24044