IGCR and it's Advantages

Nikhil6827 Oct, 2025Business

The Import of Goods at Concessional Rate of Duty (IGCR) scheme allows manufacturers and service providers to import goods at reduced customs duty for specified end-use purposes. It helps lower production costs, improve competitiveness, and enhance cash flow. To avail benefits, importers must register on ICEGATE, file a One-Time Declaration, and maintain proper utilization records. SKMC Global assists businesses with IGCR registration, documentation, compliance, and coordination with customs for smooth approvals.