TaxTMI 
TaxTMI 
Changes introduced through the Customs (Import of Goods at Concessional Rate of Duty) Amendment Rules, 2021
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....tral tax, Madam/Sir, Subject: Changes introduced through the Customs (Import of Goods at Concessional Rate of Duty) Amendment Rules, 2021- reg. Reference is drawn to the Customs (Import of Goods at Concessional Rate of Duty) Amendment Rules, 2021 notified vide Notification No. 09/2021-Customs (N.T.), dated 02.02.2021 so as to make certain amendments in existing Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 (hereinafter referred to as "IGCR Rules, 2017") that took effect from 2nd February, 2021. 2. The aforementioned Amendment Rules have been introduced in view of the demands from the trade and industry and having regard to their changing needs as per prevalent global practices. The amendments are also an eff....
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....ministered without the need to follow the procedure set out under the said IGCR Rules, 2017. With an intention to bring forth uniformity in the procedures for end-use based exemptions, the condition of compliance of the said IGCR Rules, 2017 is being provided for certain entries and these have already been notified by amending the said Notification. 4. Procedure to be followed by an importer For the sake of clarity, the procedure set out in the IGCR Rules, 2017 is summarised as follows: One time - Prior Intimation of intent to avail IGCR Benefit: 4.1 An importer who intends to import goods at a concessional rate of duty shall give a one-time prior information of such goods being imported to the Customs Officer ....
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....ormation may be provided by email on a consolidated basis for a period not exceeding one year rather than in a transactional manner for every import (refer rule 5). Clearance of goods from the port of import: 4.4 The importer shall also provide a copy of the intimation provided to the jurisdictional Customs Officer (refer para 4.3 above) to the port of import. It is clarified that, for this purpose it is sufficient to upload such intimation copy on e-Sanchit and link the same along with the other documents when filing the bill of entry. On this basis, the goods shall be allowed clearance at a concessional rate of duty. Receipt of goods at premises of importer/job worker: 4.5 The receipt of the imported go....
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.... 6A). 4.9 The jurisdictional Customs Officer (of the importer) shall forward a copy of such intimation received, to the Customs Officer under whose jurisdiction, the premises of the job worker are located. The maximum period for which the goods can remain with the job worker shall be six months from the date of issue of challan. Receipt of goods from the job worker: 4.10 After the completion of job work, there can be three instances- (a) the goods are received back in the premises of the importer, or, (b) the goods are cleared directly from the premises of the job worker, or (c) the goods are sent by the job worker to another job worker. In the first two instances (a) and (b), t....
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....[refer rule 7(2)]. Quarterly return and maintenance of account 4.13 The importer shall also submit a quarterly return by the tenth day of the following quarter, in the form prescribed, to the jurisdictional Customs Officer [refer rule 6(3)]. The following details are to be furnished in the quarterly return according to each bill of entry in the form provided in the annexure to the said IGCR Rules, 2017- (a) Description of goods imported; (b) Opening balance of goods at the beginning of the quarter; (c) Details of goods imported, consumed, re-exported or cleared in the quarter including - (i) the quantity and value of goods imported (ii) the quantity of goods consumed for intende....