IGST exemption on import of research equipment as per Customs Notfn 51 of 96

 

Import duty and IGST exemption as per Customs Notification number 51/96 dated 23.07.1996.

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51/96-Customs, dated 23.07.1996 is valid when introduction of GST in India on July 01, 2017 for exemption of IGST on imports.

Customs Notification number 51/96 dated 23.07.1996 explains about import duty exemption to research equipments imported by:    

(a)  Public funded research institutions or a university or an Indian Institute of Technology or Indian Institute of Science, Bangalore or Regional Engineering College, other than a hospital,                            

(b)  Research institutions, other than a hospital,       

(c)  Departments     and   laboratories   of   the   Central Government and State  Government,  other  than  a hospital,                                                              

(d)  Regional Cancer Center (Cancer Institute), subject to, inter alia, registration with the DSIR.

As per GST council meet of 03.06.2017, IGST exemption on imports under Customs Notification number 51/96 dated 23.07.1996 is permitted under GST regime in India.

Click here to read complete extract of customs notification No: 51/96 dated 23.07.1996

Customs Notification number 51/96 dated 23.07.1996

 

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