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leasing of machinery

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(Querist)
16 January 2010 If a foreign company wants to give its machinery on lease to a company in india and take it back after the lease period is over, is it possible???

If yes can u plz help me out with the procedure?
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Kamal Aggarwal

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Kamal Aggarwal (Expert)
18 January 2010 Import of machinery under a lease arrangement is possible. However, the computation of duty in this case is complicated and therefore you should consult someone with complete details and documentation
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