What Does IGCR Mean in Customs?

In Indian Customs, IGCR stands for Import of Goods at Concessional Rate of Duty. It refers to a scheme governed by the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017, designed to support domestic manufacturing and reduce costs for eligible businesses.

Under IGCR, importers can bring in specified goods at a concessional customs duty rate, provided these goods are used for manufacture of goods or other eligible purposes as laid down by the rules. The scheme is especially beneficial for industries that rely on imported raw materials, components, or capital goods.

Key Features of IGCR:

• Concessional Duty Benefit: Allows import at reduced duty rates for eligible inputs.
• End-Use Requirement: Imported goods must be used strictly for the purpose declared (e.g., manufacturing, production, job work).
• Intimation to Customs: Importers must file a prior intimation with the jurisdictional customs officer before availing benefits.
• Record-Keeping: Proper accounts of receipt, consumption, and use of goods must be maintained and submitted when required.

Why It Matters:
IGCR helps businesses lower costs, improve competitiveness, and promote “Make in India” by enabling access to global materials and technology at reduced duty rates.

In summary, IGCR is a facilitative customs scheme that balances ease of doing business with compliance obligations.

Learn more about IGCR Clearance at https://www.jparks.co/services/apply-for-igcr-clearance/