ENA Sectors 2019-01-11 11:26:05 <p><strong>New Delhi, Jan 11 (KNN) </strong>The Directorate General of Foreign Trade (DGFT) has removed the pre-import condition to avail exemption from the payment of IGST on imports under Advance Authorization.</p> <p>This exemption which will be available till March 31, 2019 has also been extended to deemed supplies, said DGFT in a notification.</p> <p>It said Para 4.14 of Foreign Trade Policy (FTP) is amended to remove pre-import condition to avail exemption from Integrated Tax and Compensation Cess and exemption from Integrated Tax and Compensation Cess is also extended to deemed supplies.</p> <p>Earlier as per para 4.14 of Foreign Trade Policy 2015-20, imports against Advance Authorizations are exempted from the payment of Integrated Tax (IGST). However, this exemption is subject to pre-import condition.</p> <p>The Cotton Textiles Export Promotion Council (TEXPROCIL) along with other EPCs / Trade bodies had represented to the government to remove the condition of pre-import for IGST exemption against Advance Authorizations.</p> 21782 https://knnindia.co.in/news/newsdetails/sectors/dgft-removes-pre-import-condition-to-avail-igst-exemption-on-imports-under-advance-authorization 2019-01-11 11:26:05 knnindia.co.in