Importers still wait for clarity on expanded scope of IGCRS Rules

The new rules now say they come into play even in situations where the notifications prescribe end use of imported goods but do not specifically prescribe application of the new rules.

The finance ministry notified the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022, (IGCRS Rules) on September 9.
 

Six weeks later, many importers are still not clear on the expanded scope of the new rules.
 

The IGCRS Rules replace the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017, that were applicable only for import of goods under a notification that required the importer to follow the procedures mentioned in the Rules.
 

The new rules now say they come into play even in situations where the notifications prescribe end use