Date: 2022-04-01Category: Not ApplicableState: Union GovernmentCountry: India
Amendments to Foreign Trade Policy 2015-2020 - Extension of
Integrated Good and Service Tax (IGST) and Compensation cess
exemption under Advance Authorisation, EPCG and EOU scheme up to
30.06.2022.
**Policy Summary**
**Subject:** Extension of Integrated Goods and Services Tax (IGST) and Compensation Cess Exemption under Advance Authorisation, EPCG, and EOU Schemes up to June 30, 2022.
**Authority:** Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India.
**Date:** April 1, 2022
**Notification No.:** 2015-20
**Purpose:** This notification amends the Foreign Trade Policy (FTP) 2015-20 to extend the exemption from Integrated Tax (IGST) and Compensation Cess on imports under specific schemes.
**Key Amendments:**
1. The exemption from IGST and Compensation Cess under the Advance Authorisation scheme (Para 4.14 of FTP 2015-20) is extended up to June 30, 2022.
2. The exemption from IGST and Compensation Cess under the Export Promotion Capital Goods (EPCG) scheme (Para 5.01(a) of FTP 2015-20) is extended up to June 30, 2022.
3. The exemption from IGST and Compensation Cess under the Export Oriented Units (EOU) scheme (Para 6.01(d)(ii) of FTP 2015-20) is extended up to June 30, 2022.
**Effect:** Paragraphs 4.14, 5.01(a), and 6.01(d)(ii) of the Foreign Trade Policy 2015-20 are amended to reflect the extensions.
**Contact:** Santosh Kumar Sarangi, Director General of Foreign Trade & Ex-officio Additional Secretary, Government of India, Email: dgft@nic.in.
**File No.:** 01/94/180/029/A/M-22/PC-4
Key Entities Referenced
Foreign Trade Policy 2015-2020: A trade policy document which is being amended in the notification.
Integrated Goods and Service Tax (IGST): A tax which is exempted under certain schemes as per the notification.
Advance Authorisation: A scheme under which exemption from Integrated Tax and Compensation Cess is extended.
EPCG: Export Promotion Capital Goods scheme, under which exemption from Integrated Tax and Compensation Cess is extended.
EOU scheme: Export Oriented Units scheme, under which exemption from Integrated Tax and Compensation Cess is extended.
FTDR act 1992: Foreign Trade (Development and Regulation) Act, 1992, which confers powers to issue this notification.
Ministry of Commerce and Industry: The government ministry responsible for foreign trade.
Directorate General of Foreign Trade: The organization issuing the notification and responsible for implementing foreign trade policy.
[To be Published in the Gazette of India Extraordinary Part-11, Section -3,
Sub-section (ii)]
Governmer,'t of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan
*****
66
Notification No. /2015-20
New Delhi, Dated 01.04.2022
Subject: Amendments to Foreign Trade Policy 2015-2020 -Extension of Integrated Good
and Service Tax (IGST) and Compensation cess exemption under Advance Authorisation,
EPCG and EOU scheme up to 30.06.2022.
S.O (E): In exercise of powers conferred by Section 5 of FT(D&R) act 1992, read with
Paragraph 1.02 of the Foreign Trade Policy, 2015-20, as amended from time to time the
Central Goverrunent hereby makes following amendments in Foreign Trade Policy 2015-20.
1. Exemption from Integrated Tax and compensation Cess under Advance Authorization
under Para 4.14 of FTP 2015 -20 is extended upto 30.06.2022.
2. Exemption from Integrated Tax and Compensation Cess under EPCG scheme under Para
5.01 (a) of FTP 2015-20 is extended upto 30.06.2022.
3. Exemption from Integrated Tax and Compensation Cess under EOU scheme under Para
6.01(d)(ii) ofFTP 2015-20 is extended upto 30.06.2022.
Effect of this Notification: Para 4.14, Para 5.01(a) and Para 6.01(d)(ii) of FTP 2015-20 are
amended as above.
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(Santosh Kumar Sarangi)
Director General of Foreign Trade
Ex-officio Additonal Secretary, Government of India
Email: dgft@nic.in
(Issued from File No. 01/94/180/029/A M22/PC-4)
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