CBIC exempts IGST on systems, sub-systems, software meant assembly/manufacture LRSAM system

The Central Board of Indirect Taxes and Customs (CBIC) has notified the exemption of IGST on systems, sub-systems, software meant assembly/manufacture LRSAM system.

The Notification Read as Follows:

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3, of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 19/2019-Customs, dated the 6th July, 2019, published in the Gazette of India, Extraordinary, Part II, section 3,sub-section (i), vide number G.S.R. 476(E), namely :-

In the said notification, in the Table, against Sl. No. 21, in column (3), for item (II), the following shall be substituted namely:

“(11) Systems, sub-systems, equipment, parts, sub-parts, tools, test equipment, software meant for Long Range Surface to Air Missile System (LRSAM).”

This notification shall come into force with immediate effect.

For Official Notification Download PDF Given Below: