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Ministry of Finance, through a circular dated 9th September 2022, has notified the Customs (Import of Goods at Concessional rate of Duty for specified end use) Rules 2022, hereinafter referred to as the IGCR rules 2022. These rules were enacted to specify and harvest information related to exporting and importing different goods into the country. These rules have superseded the rules made on IGCR in the year 2017 and brought about the required changes in the framework for establishing additional control in importing goods in the country. After these fresh rules were enacted, these rules were amended twice in 2022. The February amendment made drastic changes in the procedure followed, which was made online for better tracking of imported goods.
The new rules have kept intact the provision introduced in the February update of IGCR, and this latest amendment focuses on the introduction of IGCRS for specified end use. Until now, the regulation of the IGCR was restricted to the importers who sought to import goods to aid their manufacturing services. But with the latest amendment, the government is expanding the scope for the specified end use of the product other than the manufacturing service or provision of output service. This article provides a detailed insight to the IGCR rules 2022 issued by the Ministry of Finance in September 2022.
Table of Contents
Let’s look at the essential definitions covered under the IGCR rules 2022;
According to the Act, Job Work means any manufacture, process or treatment consistent with the notification undertaken by any person on any goods that belong to the importer except gold, jewellery and articles thereof.
A jurisdictional Custom officer has been defined as an officer of customs of a rank equivalent to the superintendent of Appraiser who possesses jurisdiction over the following:
In the rules specified, end-use is defined as dealing with the goods imported in a specified manner that is elucidated in the notification. This also includes the supply of those goods to the intended recipient, which may be specified as the end-use recipient of the goods thus imported.
The importers who intend to avail the benefits under the IGCR rules 2022 of the exemptions shall;
The 2022 rules have made the following amends in comparison to the ICGR rules 2017;
Customs (Import of Goods at Concessional Rate or Duty or for specified End Use) Rules, 2022, provide for the procedural safeguard for ensuring that the goods are imported for a purpose and in accordance with the notification prescribing such rules. These amended rules have further broadened the scope of IGCR to notifications other than the exemption notification. It focuses on the intended usage of the imports, such as end use, supply to end use recipient, manufacturers, exports etc., as mentioned in the Custom Notifications, with a priority focus on end-to-end automation of the process. The IGCR rules 2022 are thus an important step taken by the government to streamline and check the usage of the imported materials, this will help in eradication of false practices and help the government in generating revenue.
Read Our Article: Compliance for Import of Goods under FEMA Law
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