IGCR Advisory Services
Raw Material and Capital Goods
Our IGCR Advisory Service helps importers legally avail concessional customs duty benefits on imports of raw materials, components, consumables, capital goods and other eligible goods under applicable Customs notifications. The service is designed to ensure end-to-end compliance with the IGCR framework while optimizing duty costs, strengthening import controls, and reducing litigation exposure.
Raw Material and Capital Goods Concessional Duty Imports
Before claiming concessional duty, confirm whether your raw materials, inputs, components, consumables or capital goods qualify under the applicable Customs notification and IGCR procedure. Proper implementation helps safeguard operations from systemic transaction tracking deficiencies, missing consumption proofs, and operational exposure lines.
"Key objectives: Identify eligible imports under concessional duty notifications. Facilitate seamless registration and procedural compliance through ICEGATE. Support continuity bond and security requirements. Establish robust documentation and audit trails. Manage monthly compliance and reporting obligations. Mitigate risks of duty demand, interest, penalties and end-use disputes."
Import Goods at Concessional Duty
We assist businesses in availing customs duty concessions available under notifications governed by the IGCR Rules.
Scope includes:- Eligibility assessment of imported goods.
- Mapping tariff classifications and exemption notifications.
- Evaluation of raw materials, capital goods, consumables and specified end-use imports.
- Guidance on import planning and supply chain structuring.
- Support for imports involving job workers, contract manufacturers and multiple locations.
- Assistance in obtaining and using the IGCR Identification Number (IIN).
- Notification mapping report.
- Duty benefit estimation.
- Compliance roadmap.
- Import transaction review.
Eligibility Review
A detailed review is conducted to determine whether the importer and imported goods qualify for concessional duty benefits.
Review parameters:- Applicable customs exemption notification.
- Nature and intended use of imported goods.
- Manufacturing, processing or specified end-use requirements.
- Importer’s operational structure.
- Job work arrangements.
- Time limits prescribed under relevant notifications.
- Record maintenance capability and compliance readiness.
- Eligibility opinion.
- Risk assessment matrix.
- Documentation checklist.
- Recommended compliance framework.
Bond Compliance Structure
Importers availing IGCR benefits are generally required to execute a continuity bond with jurisdictional customs authorities.
Our support includes:- Determination of bond amount requirements.
- Review of surety or bank guarantee requirements.
- Drafting and execution assistance.
- Bond debit and re-credit monitoring.
- Compliance procedures for utilization and reporting.
- Advisory on bond closure and reconciliation.
- Reduced compliance errors.
- Efficient bond management.
- Better customs audit readiness.
Documentation Support
Proper documentation is critical for sustaining concessional duty benefits. We establish documentation systems that support departmental verification and future audits.
Documentation assistance includes:- Form IGCR-1 preparation.
- Form IGCR-2 reporting for shortages/non-receipt.
- Form IGCR-3 monthly compliance statements.
- Form IGCR-3A for immediate bond re-credit.
- Bill of Entry review.
- End-use records and consumption tracking.
- Customs audit file preparation.
Risk Mitigation
Our advisory framework focuses on reducing exposure to customs disputes and revenue demands.
Risk areas covered:- Incorrect classification and notification usage.
- End-use non-compliance.
- Delayed utilization of imported goods.
- Bond management failures.
- Record maintenance deficiencies.
- Job work compliance gaps.
- Multiple-unit transfer risks.
- Audit and investigation preparedness.
- Compliance health checks.
- Internal control reviews.
- Documentation audits.
- Transaction testing.
- Litigation-prevention advisory.
- Corrective action planning.
Case Study
Manufacturing Company Importing Specialized Production Inputs
Result OverviewChallenges Facing the Importer
The company was paying full customs duty despite availability of concessional benefits under a relevant customs notification due to:
• No IGCR registration.
• Lack of end-use documentation.
• Unstructured inventory records.
Our Intervention
• Conducted eligibility review.
• Completed IGCR registration and IIN onboarding.
• Established bond and compliance framework.
• Implemented monthly reporting controls.
• Designed documentation and inventory tracking process.
Quantifiable Outcomes
Review IGCR Eligibility
Before claiming concessional duty, confirm whether your raw materials, inputs, components, consumables or capital goods qualify under the applicable Customs notification and IGCR procedure. Talk to Prikriti Group for a practical eligibility review, duty benefit estimate and compliance roadmap.
Initiate Portfolio Audit
by