TaxTMI 
TaxTMI 
Changes introduced through the Customs (Import of Goods at Concessional Rate of Duty) Amendment Rules, 2021
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....ation 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 and to the Circular No. 10/2021- Customs dated 17.05.2021 on the above subject 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 effort towards creating an enabling environment for promoting manufacturing by domestic industry to make them competitive globally and also make them self-reliant in furtherance of the goal of Atmanirbh....
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....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 summarized as follows: One time - Prior Intimation of intent to avail IGCR Benefit: 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 under whose jurisdiction, his premises fall (jurisdictional Customs Officer). He shall also furnish - (a) the name and address of the premises of the importer and his job worker, if any; (b) the CTH, nature and description of imported goods used in the manufacture....
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....ms 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: The receipt of the imported goods is to be intimated to the jurisdictional Customs Officer. It is clarified that, goods may also be sent directly to the premises of a job worker and in such cases, importer shall intimate by email such receipt of goods to the jurisdictional Customs Officer (of the job worker) along with the copy provided to the jurisdictional customs ....
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.... After the completion of job work, there can be three instances- (h) the goods are received back in the premises of the importer, or, (i) the goods are cleared directly from the premises of the job worker, or (j) the goods are sent by the job worker to another job worker. In the first two instances (a) and (b), the same may be updated in the account maintained by the importer and subsequently shown in the quarterly returns [refer rule 6(2) and rule 6(3) and paras 4.14 and 4.15 below]. In the third instance (c), the goods may be sent to another job worker against a challan. As against the challan number with which the goods were sent to the job worker, the job worker shall also send the goods back to the i....
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....goods imported; (l) Opening balance of goods at the beginning of the quarter; (m) 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 intended purpose (iii) quantity of goods sent to job worker (iv) quantity of goods received from job worker (v) quantity of goods re-exported (vi) quantity of goods cleared in domestic market (vii) closing balance at the end of the quarter (n) specified purpose for import of goods at concessional rate; (o) goods manufactured or output service provided in the quarter; (p) whether goods ....