Device/equipments received for testing purpose.

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 November 2011 Hi All,

Can someone please tell me the procedure to be followed if any for

a) Employees who go onsite get mobile phones,ipads,ipods etc for testing the software developed in India for the parent company in USA.

b) Should the same be accounted as asset in the Indian Companies books, if yes we dont have any invoice,nor debit note raised by the parent company.

c) Also should the employees getting such device carry a testimonial to show that it is not sale and has got no commercial value to avoid any legal/compliance issue.

Can someone reply at the earliest.

Regards.

Querist : Anonymous

Querist : Anonymous (Querist)

02 November 2011 Hi All,

Can someone please reply to the above at the earliest.

Regards.

Querist : Anonymous

Querist : Anonymous (Querist)

05 November 2011 Hi All,

Can someone please provide answer/solution to the above at the earliest.

Regards.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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05 November 2011 as per PARA 2.8 SUB PARA (III)IS PROVISION of HAND BOOK OF PROCEDURES VOL-1 , 2009-2014, A PERSON IMPORTING OR EXPORTING GOODS FOR PERSONAL USE NOT CONNECTED WITH TRADE OR MANUFACTURE OR AGRICULTURE IS EXEMPT FROM IMPORT EXPORT CODE(IEC)

INVOICE AND PACKING LIST IS MANDATORY FOR EXPORTER .

Querist : Anonymous

Querist : Anonymous (Querist)

05 November 2011 Hi Ramesh/All,

This is not for personal purpose, but brought by employees during their onsite visit from the parent company to be used in India for software testing purpose.

Regards.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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08 November 2011 if you have IEC holder can import these goods for any query, ask we assist you.

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