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FM does quick follow up of IGST exemption on Covid relief material
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SME Times News Bureau | 03 May, 2021
In an attempt to speed up clearances of goods received free of cost for
distribution for Covid relief, Finance Minister Nirmala Sitharaman on
Monday undertook a quick follow up action by briefing the chief
secretaries of the states on the order on IGST exemption.
The
Centre on Monday exempted from IGST or integrated GST the import of
goods received free of cost for distribution for Covid relief. The
exemption is ad hoc and applicable on all specified imports made till
June 30, 2021.
The exemption will also cover goods already
imported but lying uncleared on the date of issuance of exemption which
starts from Monday.
In a tweet. Sitharaman said: "Quick follow-up
action in briefing Chief Secretaries of states on today's order of IGST
exemption on specified #COVID19 relief materials (Customs duty waiver
given earlier). Will speed up clearance for charitable organisations and
others."
The government had earlier issued a notification
exempting from basic customs duty and/or health cess imports of a number
of Covid related relief materials for a limited period.
These
included Remdesivir injection/ API and Beta Cyclodextrin (SBEBCD),
inflammatory diagnostic (markers) kits, imports of which has been
exempted from Customs duty till Octber 31, 2021.
Also, imports
of medical grade oxygen, oxygen therapy related equipment such as oxygen
concentrators, cryogenic transport tanks etc., and Covid-19 vaccines
have been exempted till July 31, 2021.
The Central government had
received a number of representations from charitable organisations,
corporate entities and other associations/entities seeking IGST
exemption on the import of Covid-19 relief material (already exempted
from Customs duty), donated/received free of cost from outside the
country for free distribution.
The IGST exemption, however, will
be conditional. The Centre had decided that the state governments shall
appoint a nodal authority in the states for the purpose of this
exemption. Such authority will then authorise any entity, relief agency
or statutory body for free distribution of such Covid-relief material.
The
Finance Ministry statement said that goods can be imported free of cost
by a state governent or any entity/relief agency/statutory body
authorized in this regard for free distribution anywhere in India.
The
importer shall produce a certificate from the said nodal authorities
stating that the goods are meant for free distribution for Covid relief.
Also,
after imports, the importer shall produce to the deputy or assistant
commissioner of Customs at the port within a period of six months from
the date of importation or within such extended period not exceeding
nine months, a simple statement containing details of goods imported and
distributed free of cost. This statement shall be certified by the said
nodal authority of the state government.
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