IMPORT OF SPARE PARTS UNDER EPCG SCHEME.

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....MPORT OF SPARE PARTS UNDER EPCG SCHEME.<br> Query (Issue) Started By: - KANHAIYA AGRAWAL Dated:- 5-12-2024 Last Reply Date:- 11-12-2024 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>Please guide me on the GST implications on import of spare parts under the EPCG scheme. Is IGST payable ? Thanks in advance. Reply By KANHAIYA AGRAWAL: The Reply: Please guide me on the GST implications o....

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....n import of spare parts under the EPCG scheme. Is IGST payable at the time of import of goods ? and while exporting goods under EO how to export either with payment or LUT? Thanks in advance. Reply By Sadanand Bulbule: The Reply: Dear querist Capital goods imported under EPCG Authorisation for physical exports are exempt from IGST and Compensation Cess, leviable thereon under the sub-section ....

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....(7) and sub-section (9) respectively of Section 3 of the Customs Tariff Act, 1975. Reply By Sadanand Bulbule: The Reply: Refer Notification No.16/2015-20 dated 01/07/2022 issued by the DGFT, Ministry of Commerce ,GoI as amended to Foreign Trade Policy 2015-2022. Reply By KASTURI SETHI: The Reply: I support the views of Sh. Sadanand Bulbule, Sir. Also peruse Notification No. 26/23-Customs dat....

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....ed 1.4.23. Reply By Shilpi Jain: The Reply: 5.01 of FTP Capital goods for the purpose of the EPCG scheme shall include: (i) (ii) (iii) Spares, moulds, dies, jigs, fixtures, tools & refractories; and ............... So spares of CG can be imported under EPCG.<br> Discussion Forum - Knowledge Sharing ....