Directorate General of Foreign Trade's Notification No. 54/2015-20 dated 22nd March 2018 regarding 'Amendments to Foreign Trade Policy 2015-2020 - Extension of Integrated and Goods and Service Tax (IGST) and Compensation Cess exemption under Advance Authorisation and EPCG scheme till 01 Oct 2018', reads as follows:—
“In exercise of powers conferred by Section 5 of FT(D&R) Act, 1992, read with Paragraph 1.02 of the Foreign Trade Policy, 2015-20, as amended from time to time, the Central Government hereby makes following amendments in Foreign Trade Policy 2015-20.
1. Exemption from Integrated Tax and Compensation Cess under Advance Authorization Scheme under Para 4.14 of FTP 2015-20 is extended upto 01 Oct 2018.
2. Exemption from Integrated Tax and Compensation Cess under EPCG Scheme under Para 5.01(a) of FTP 2015-20 is extended upto 01 Oct 2018.
Effect of this Notification: Para 4.14 and Para 5.01(a) of Foreign Trade Policy 2015-20 are amended as above.”