Export-oriented units struggle, unhappy with new IGCRS e-process
3 min read Last Updated : Sep 29 2024 | 10:37 PM IST
Throughout last week, export-oriented units (EOUs) were struggling through various processes involved in importing their goods under the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 (IGCRS Rules). Some of them complained of delays in clearance of their goods through Customs that resulted in demurrage and container detention charges.
The EOUs import their requirements without any duty payment, under the notification 52/2003-Customs dated March 31, 2003, which requires them to follow the IGCRS Rules. Last month, the Central Board of Indirect Taxes and Customs (CBIC) asked EOUs to adopt the
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