The Directorate General of Foreign Trade (DGFT) vide notification dated 30 June, 2022 has exempted IGST and Compensation Cess for imports under the following specified export incentive schemes:
- Advance Authorisation Scheme
- Export Promotion of Capital Goods Scheme
- Export-oriented units Scheme
IGST and Compensation Cess for imports as per the schemes were previously exempted till June 30, 2022 as per circular dated 1st April, 2022. This is provided as a further relaxation to to reduce the burden of Covid-19 pandemic aftershock as relief to MSMEs and other importers.
