Exemption from import

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 August 2011 A society registered under the FCRA wants to import hospital equipment and furniture..

How can it claim exemption from the import duty ?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

31 August 2011 means????????

Querist : Anonymous

Querist : Anonymous (Querist)

31 August 2011 The society wants to import furniture and medical equipment for the hospital its running..

Can it claim reduction in import duty under the EPCG scheme..

If yes, then can the donations in foreign currency be treated as earnings in foreign exchange ?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

01 September 2011 please noted that:

if you occurs in Services rendered you will be required :

1.Consolidated statement or individual statements (bank/authorised dealer wise) of services rendered as given in sub section XV duly certified by a Chartered Accountant as per format given in Appendix 26A and bank/authorised dealer evidencing foreign exchange earning received through normal banking channel.

2. Copy of Authorisation showing the date of clearance of the first consignment
3. Customs purpose copy of EPCG Authorisation

4.At the time of redemption, the Authorisation holder shall also submit certificate from the Independent Chartered Engineer confirming the use of spares so imported under the Scheme in the installed capital goods on the basis of stock & consumption register maintained by Authorisation holder.

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