What is IGCR 1?

IGCR 1 is the application form used for registration under the Import of Goods at Concessional Rate of Duty (IGCR) scheme. It is essential for businesses that wish to import goods at reduced customs duty for manufacturing, research, job work, or export production. The form provides customs authorities with all necessary details to assess eligibility under the scheme.

Key Features of IGCR 1:

• Purpose:
  To register businesses for availing concessional duty on eligible imports.
• Required Information Includes:
  • Importer Details: IEC, GSTIN, legal name, and address.
  • Goods Description: Type of goods, quantity, and specifications.
  • Intended Use: Whether for manufacturing, R&D, or export-related production.
  • Customs Notification Reference: Applicable customs notification under which duty is claimed.
  • Bond/Undertaking Details: Info on bonds or guarantees furnished, if required.
• Submission Process:
  IGCR 1 is submitted online through the ICEGATE portal. Customs officials verify the details to ensure compliance.
• Approval:
  Once verified, the applicant is allotted an IGCR Identification Number (IIN), which must be quoted in all future imports to avail of the concessional duty.

By filing IGCR 1, businesses can significantly reduce import costs and remain competitive in manufacturing and innovation-focused sectors.