Import duty benefits available on Advance Authorization scheme under GST

Posted on 20 April 2023 Category : GST EXIM

Changes on duty exemptions on AA scheme under GST regime

A brief idea about AA scheme under GST regime is explained here.

Let us discuss about Import duty benefits available on Advance Authorization scheme under GST.

What are the advantages available on imports under AA scheme on implementation of GST?Does all benefit exist on implementation of GST? Are there any changes in exemption of paying safeguard duty, antidumping duty etc.?

According to GST Law, under GST regime, Advance Authorization holders would continue to get the exemption from payment of the Basic Customs Duty, Safeguard Duty, Transitional Product Specific Safeguard Duty, and Antidumping Duty. And for items specified in Fourth Schedule to Central Excise Act 1944 (specified petroleum products, tobacco etc.) exemption from Additional C Duty leviable under Sections 3(1), 3(3) and 3(5) of the Customs Tariff Act, 1975 will also be available.However, there is one major change. Now an Advance Authorisation holder will have to pay IGST at the time of imports. He can take input Tax Credit (ITC), and after export, claim refund of any unutilized input tax credit at the end of tax period.

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