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International leasing

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(Querist)
03 July 2008 we are thinking of importing machinery on lease from a uk based co. Can we do that ? if yes, What precautions we should take before entering into lease agreement? Whether RBI permission is required ? Whether this will attract service tax as service tax is consumption base levy.
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sanjay

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sanjay (Querist)
03 July 2008 500
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Amit Bajaj

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Amit Bajaj (Expert)
03 July 2008 Yes you can do that. Based on what kind of Machinery you are importing and for which sector. Do vendor anlayis. No service tax on importing machinery
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Taranjit Singh

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Taranjit Singh (Expert)
03 October 2009 Hello, is this an old query still pending?????? plz send me a PM if yes.....
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Taranjit Singh

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Taranjit Singh (Expert)
03 October 2009 Hello, is this an old query still pending?????? plz send me a PM if yes.....
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