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Comm Min aligns certain FTP provisions with GST

Press Trust of India  |  New Delhi 

The commerce ministry today aligned certain provisions of the foreign trade policy with the Goods and Services (GST) regime by extending exemptions on

As per the notification of the Directorate General of Foreign Trade (DGFT), goods imported under Advance Authorisation will now be exempt from payment of integrated and compensation cess under the

Similar exemptions have also given for import of second hand capital goods.

"Second hand capital goods, without any age limit, may also be imported without payment of...Integrated Tax and Compensation Cess...," it added.

It also said that export oriented unit/ Electronics Hardware Technology Park / Software Technology Park / Bio- Technology Park units may import without payment of integrated Tax and Compensation Cess.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 13 2017. 21:22 IST