What is Rule 6 of IGCR Scheme?
Rule 6 of the IGCR (Import of Goods at Concessional Rate of Duty) Scheme outlines the responsibilities of importers who bring in goods at a reduced customs duty. These goods must be used strictly for the purpose declared at the time of import—such as manufacturing, job work, or research. Using them for any other purpose […]
What is IGCR Form 3A?
IGCR Form 3A is a crucial document under the Import of Goods at Concessional Rate of Duty (IGCR) scheme governed by Indian Customs. It is used by importers seeking to avail concessional duty benefits for goods imported for specific purposes such as manufacturing, job work, or research. The form forms part of the application for […]
How is the Amount of Customs Bond Calculated?
Under the IGCR (Import of Goods at Concessional Rate of Duty) scheme, the customs bond amount is determined based on various factors to ensure compliance with customs conditions and to secure payment of duties in case of non-compliance. Key factors include: After the bond is calculated, it must be submitted for customs approval. Once verified, […]
Who can avail IGCR benefits?
The IGCR (Import of Goods at Concessional Rate of Duty) scheme allows eligible businesses to import goods at reduced customs duty rates, supporting manufacturing, research, and export activities. Eligible Entities Manufacturers importing raw materials, components, or machinery for production can benefit from IGCR whether for domestic sale or export. Research and Development Units in technological […]
How to register IGCR on Icegate?
If you’re planning to import goods under concessional duty, registering under the IGCR (Import of Goods at Concessional Rate of Duty) scheme via ICEGATE is essential. Here’s a clear, step-by-step guide to help you navigate the process with confidence: 1. Start with ICEGATE Registration Create Your Account: Register Your DSC: 2. Access the IGCR Module […]
How to apply IGCR bond?
The IGCR bond (Import of Goods at Concessional Rate of Duty bond) is a crucial instrument that allows importers to avail concessional duty rates for specific goods imported for certain purposes, such as manufacturing, research, or job work, under the IGCR scheme. This bond acts as a financial guarantee, ensuring compliance with the conditions set […]
How to Register for IGCR on ICEGATE in 2025 – A Step-by-Step Guide
Looking to claim concessional duty benefits under the IGCR (Import of Goods at Concessional Rate of Duty) scheme? The process is fully online through the ICEGATE portal, and we’re here to guide you through it—step by step. 1. Register on ICEGATE Before anything else, you need to create an ICEGATE account. ✅ Create an Account […]
How to Get an IGCR Certificate in 2025?
If you’re planning to import goods at a concessional rate of duty in 2025, you’ll need to get an IGCR certificate under the Import of Goods at Concessional Rate of Duty Rules, 2017 (as amended). We know the process might seem a bit technical, but don’t worry—we’ve broken it down into clear, simple steps to […]
What is IGCR?
The Import of Goods at Concessional Rate of Duty (IGCR) scheme is a game-changer for businesses like ours that rely on manufacturing and processing. It allows us to import goods at significantly lower customs duty rates, provided they’re used for specific purposes—such as manufacturing, job work, or R&D. This means we can cut costs on […]