About IGCR
IGCR (Import of Goods at Concessional Rate of Duty) – Pingaax Merchant INC
IGCR (Import of Goods at Concessional Rate of Duty) is a scheme under India’s Foreign Trade Policy that allows businesses to import specified goods at a lower or concessional rate of customs duty.
This scheme is designed to reduce the cost of imported raw materials, capital goods, and inputs, thereby helping Indian manufacturers and exporters improve competitiveness and cost efficiency.
At Pingaax Merchant INC, we provide complete consultancy and execution support for IGCR applications, compliance, and duty concession claims.
Eligibility for IGCR
Eligibility for IGCR
- Manufacturer Exporters
- Merchant Exporters with supporting manufacturers
- MSMEs, Startups, and Large Enterprises
- Businesses importing goods covered under concessional duty notifications
Eligibility Conditions
- Valid IEC (Import Export Code)
- Import goods must fall under approved concessional duty list
- Proper application with DGFT or Customs authorities
- Compliance with specified conditions for usage
Our Support Includes
- Eligibility check for concessional duty
- Classification of goods under IGCR notifications
- Documentation preparation for Customs and DGFT
- Application filing and follow-up with authorities
- Guidance on compliance and record-keeping
How Pingaax Merchant INC Helps You Avail IGCR Benefits
We provide end-to-end support to ensure businesses avail maximum benefit under IGCR.
Benefits of IGCR (Import of Goods at Concessional Rate of Duty)
- Import goods at lower customs duty rates
- Reduce cost of raw materials and capital goods
- Improve manufacturing and export competitiveness
- Eligibility for export incentive schemes
- Compliance with DGFT and Customs norms
- Efficient utilization of imported inputs
Our Services Include (IGCR)
- Eligibility verification & assessment
- Goods classification & duty calculation
- Application filing with DGFT/Customs
- Documentation support for concessional import
- Follow-ups and approvals
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FAQ's
Frequently Asked Questions
What is IGCR?
A scheme allowing import of goods at concessional or lower customs duty under specific conditions.
Who can apply for IGCR?
Manufacturers, exporters, and businesses importing goods under concessional duty notifications.
Is IGCR applicable to all imports?
No, only to goods listed under IGCR notifications.
How long does IGCR approval take?
Typically depends on Customs and DGFT processing; proper documentation ensures faster approval.
Can IGCR be combined with other schemes?
Yes, subject to eligibility and scheme-specific conditions.
