IGCRS Rules - Understand the Concept, Eligibility, Benefits, Conditions & Procedure | Complete Guide

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Link for Notification No. 50/2017 - https://taxinformation.cbic.gov.in/vi...

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Hello friends,

This is Keval Shah from Afleo Group.

Did you know that there are 35+ notifications under which you can import over 2000 products at a concessional or NIL duty rate? The best part is that you don’t need to export these goods after importing them. You can simply use them in manufacturing or trade them to an end-user and still import them at a concessional duty rate.

This scheme or mechanism is called IGCR Rules, which stands for Import of Goods at Concessional Rate of Duty Rules. You might have many questions, like how is this possible? Why does the government allow these products to be imported at NIL or concessional duty? Where can you find the list of products? What is the eligibility criteria? And finally, what is the procedure to avail of this benefit? We will answer all these questions in this video, and by the end, your concepts about IGCR will be completely clear.

So let’s get started!

Stay tuned for more updates and detailed explanations of these notifications. Thank you for watching!

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