Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996 are explained as follows:- Some of Specified goods in notification can be imported at concessional rate of duty. Under IGCRD Scheme manufacture can import notified goods with concessional rate of duty , however he need to fulfill the condition for import of goods at concessional rate. The conditions such as taking excise registration , execution of bond with excise department , giving surety for bond executed, giving list goods proposed to be imported , Annxure I etc.
The manufacturer importer who is looking for import of goods need to take registration from excise department.
The notification prescribes that manufacture need to make application to excise department. Application will be approved after fulfillment of condition as mentioned in notification.
After obtaining the registration certificate, at the time of import, the manufacturer has to file an application stating the intent to import the specified goods
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