The Central Board of Indirect Taxes and Customs (CBIC) on November 21, 2024, issued clarifications on the applicability of concessional duty under IGCR Rules, 2022 in certain instances.
The following has been stated: -
•This circular clarifies that a MOOWR unit can simultaneously avail concessional duty under the IGCR Rules and duty deferment under MOOWR, provided all conditions are met.
•It also confirms that intermediate manufacturers under MOOWR, who import goods for value addition and supply to final manufacturers of cellular mobile phones, are eligible for IGCR benefits.
•The clarification reiterates that the "for use in manufacture of cellular mobile phones" refers to the manufacturing process, not the importer's identity. Further guidance may be provided through a Public Notice.
The detailed circular is given in the document below.
[Circular No. 26/2024-Customs]
