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Customs Act, Foreign Trade Policy & FEMA

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(Querist)
14 September 2007 A Machine will be placed at customer's site at abroad to complete the specified contract. The Machine will be returned to India on completion of contract. The customer will place a deposit of 50,000 Euro with us.

QUERY:
What are the applicable provisions, procedures & documentation under Customs Act, Foreign Trade Policy, FEMA or any other laws ?
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Shalishkumar

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Shalishkumar (Expert)
20 September 2007 First let me know are you going to be paid for the specified contract using the M/c?

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