The CBIC has amended Notification No. 51/96-Customs dated July 23, 1996 ("Exemption Notification") which provided exemption from the Integrated Goods and Services Tax ("IGST") leviable on certain goods specified therein, when imported into India by public funded research institutions or a university of an Indian Institute of Technology or Indian Institute of Science, Bangalore or Regional Engineering College, non commercial institutions etc. vide Notification No. 42/2022-Customs dated July 13, 2022 so as to withdraw the exemption of the Integrated Goods and Services Tax ("IGST") leviable on certain goods specified therein, when imported into India, by omitting the words, brackets and figures "and from the whole of integrated tax leviable thereon under sub-section (7) of section 3 of the said Customs Tariff Act", from the Exemption Notification.
This notification shall come into force on the 18th day of July, 2022.
