MM TAX CLUB

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DGFT issued Advisory for Importers to avail benefit of IGCR Rules (Import of Goods at Concessional Rate of duty) .

IGCR Rules, import at concessional Rate, mmtaxclub

Advisory No: 06/2022 Dated 1st March,2022

IGCR module is developed by ICEGATE, CBIC to provide a digital service to importers to avail benefits under the IGCR Rules (Import of Goods at Concessional Rate of Duty).

The broad provisions are as under:

  1. Available post log in on ICEGATE for importers in their existing account, registered with valid DSC.
  2. Provision of declaration of advance intimation of Import of Goods at concessional rate of duty.
  3. Generation of a unique IIN for a Financial Year with facility to amend as and when required.
  4. A continuity Bond of IGCR Bond Type is created or amended by the Importer.
  5. Bond Management Module
  6. Multiple Details are auto populated in the monthly statement.
  7. Interface of details entered by the user provided to the jurisdictional Customs officer

2. This advisory is a complete step-by-step guide for the user to declare an advance intimation of goods to be imported, access continuity bond management module, file monthly return statements. 

Full advisory can be access from the below link for stepwise detailed process.

Access Advisory

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