New Delhi: In view of the COVID-19 pandemic, the Central Authorities has issued notifications exempting Primary Customs Obligation and/or Well being cess on imports of numerous COVID-19 associated reduction supplies, for a restricted interval.
“The Central Authorities had acquired numerous representations from charitable organizations, company entities, and different Associations/ entities exterior India looking for exemption from IGST on the import of Covid-19 reduction materials (already exempted from customs obligation), donated/acquired freed from price from exterior India without cost distribution. Accordingly, the Central Authorities has vide Advert hoc exemption Order quantity 4/2021 dated third Might, 2021 has granted exemption from IGST on import of such items acquired freed from price without cost distribution for covid reduction,” stated an official launch.
This exemption shall apply until 30th June, 2021. It might additionally covers items already imported however mendacity uncleared on the date of its issuance of exemption i.e. Might 03.
“This exemption, shall thus allow import of the covid reduction provide imported freed from price without cost distribution with out fee of IGST (upto the 30th June, 2021). As customs obligation is already exempt , these imports won’t entice any customs obligation or IGST,” stated a Finance Ministry launch.
These imports won’t entice any customs obligation or IGST:
- Remdesivir injection/ API and Beta Cyclodextrin (SBEBCD), Inflammatory diagnostic (markers) kits, until 31st Octber, 2021.
- Medical grade Oxygen, oxygen remedy associated gear resembling oxygen concentrators, cryogenic transport tanks, and so on, and COVID-19 vaccines until 31st July, 2021.
The exemption shall be topic to the next situations:
- State Authorities shall appoint a nodal authority within the State for the aim of this exemption. As per part 2 (103) of the Central Items and Companies Tax Act, 2017, state embrace a Union territory with Legislature.
- The Nodal authority so appointed shall authorise any entity, reduction company or statutory physique, without cost distribution of such Covid-relief materials.
- The stated items might be imported freed from price by a State Authorities or, any entity/ reduction company/ statutory physique, approved on this regard without cost distribution anyplace in India.
- The importer shall earlier than clearance of products from Customs produce a certificates from the stated nodal authorities that items are meant without cost distribution for Covid reduction.
- After imports, the importer shall produce, to the Deputy or Assistant Commissioner of Customs on the port inside a interval of six months from the date of importation or inside such prolonged interval not exceeding 9 months, a easy assertion containing particulars of products imported and distributed freed from price. This assertion shall be licensed by the stated nodal authority of the State Authorities.