Deemed Import

This query is : Resolved

Rajat Aggarwal (Querist)
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08 February 2011 Dear colleagues,

My query is on deemed import.

Party A is in United States & they are the owners of Machinery in lying in India with Party B. Party C wants to buy that machinery in India directly from Party A.

Party C will make the payment in Forex to Party A & delivery of Machinery will be made by Party B to Party C.

Please clarity me the entire procedure & taxes involved in this case.

Best regards,

CA Rajat Aggarwal

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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08 February 2011 sir,
for more information link is :-

http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/78478.pdf

http://rbidocs.rbi.org.in/rdocs/notification/PDFs/02MRN280610.pdf

http://www.rbi.org.in/scripts/BS_CircularIndexDisplay.aspx?Id=5082

http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/78478.pdf

http://www.ptcinfo.org/eurogiro/rbiMasterCircularonadcatII.pdf

http://www.infodriveindia.com/Notifications/Master-Circular-Rupee-Foreign-Currency-22362.aspx

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