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Govt extends GST refund to exporters importing under EPCG scheme

Central Board of Indirect Taxes and Customs (CBIC) has issued a notification with a clarification that exporters, entitled to the refund of IGST paid on export of goods, can get it even if they import capital goods under Export Promotion Credit Goods (EPCG) scheme.

Notably, the CBIC had announced last month that the centre has made an amendment to the 96 (10) rule of CGST citing that Advance Authorization holders, EPCG Authorisation holders and EOUs which import their requirements without paying IGST are not eligible for refund of IGST paid on exports of goods.

Although the relaxation has been provided to the exporters who import machinery, the Indian textile and apparel body has urged the central government to extend these benefits to other sectors like fabrics imports.

 

 
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