CBIC issues clarification regarding payment of Agriculture Infrastructure and Development Cess (AIDC) by EOU under various situations

Feb 23, 2021 | by Avantis RegTech Legal Research Team

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Finance & Taxation Compliance

The Central Board of Indirect Taxes and Customs (CBIC) on February 22, 2021 has issued a clarification regarding payment of Agriculture Infrastructure and Development Cess (AIDC) by EOU under various situations and amendment of circular no 35/2016- Customs dated July 29, 2016 which specifies removal of mandatory warehousing requirements for EOU’s, STPI’s, EHTP’s etc. EOU/STP/EHTP are required to maintain and also submit digital copy of Form – A by 10th of month to proper office which captures the summary of receipt, removal, returns and balance of imported goods. Though QPR/APR contain details of various activities including revenue contribution by EOUs but these are reflected in consolidated manner and these reports may be a monitoring tool for departmental officers with limitations.

[Circular No. 07/2021- Customs]


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