Import Transaction and closure in IDPMS


This query is : Resolved 

24 November 2021 Background: Our organization is setup as a STPI unit, and we are further looking to expand the office premises. In this arrangement we are looking to enter into a lease with the landlord with an arrangement that the landlord shall assist in importing capital goods (like furniture, camera, security equipment) and we can pay rent to them over the years of lease. Few pointers in this arrangement as below.
Landlord shall import the good from foreign supplier where the invoice issued by the foreign supplier will be "Billed To" the landlord; and "Shipped To" our organization. With such invoices, our organization being setup as a STPI unit shall seek approvals from STPI and Customs for duty exemption on import
At the time of clearance from Customs with STPI approval in hand, our organization shall file the Bill of Entry ("BOE")under our organization IEC code .
The foreign remittance to the supplier shall be made by the landlord from their AD banker within stipulated time. Therefore BOE would be filed with landlord's bank AD code mentioned.

Query:
As the Bill of Entry filed under our IEC code, believe that IDPMS portal shall reflect open Bill of Entry under our IEC.
As the foreign remittance will be made by the landlord, believe that the ORM report will show such foreign remittance under the landlord's IEC code.
Can the Bill of Entry being filed under IEC code of our organization be "settled" with the outward remittance to foreign supplier made under the landlord's IEC code?

24 November 2021 Payment made by landlord so you may not get duty exemption.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
13 August 2026
Chartered Accountant (FP&A)

Client of Trellis Consulting

Gurgaon

CA

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details