Payment of custom duty on free servers
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 March 2011
Sir,
Our company is software service based company. we have a client in mexico.
we entered in to a 5 years contract for providing services,they are willing to send the 5 used servers for free of cost, after completion of the contract we ve to return.
2.What will be the custom duty payable. Whether rule fore of Customs Valuation Rules-2007 applicable,
if so what will be the value of used servers to be taken. Sir please provide procedure, Is there any provisions for importation of goods to be complied in FEMA and Income Tax Act.
Thank You in Advance
Our company is software service based company. we have a client in mexico.
we entered in to a 5 years contract for providing services,they are willing to send the 5 used servers for free of cost, after completion of the contract we ve to return.
2.What will be the custom duty payable. Whether rule fore of Customs Valuation Rules-2007 applicable,
if so what will be the value of used servers to be taken. Sir please provide procedure, Is there any provisions for importation of goods to be complied in FEMA and Income Tax Act.
Thank You in Advance
RAMESH KUMAR VERMA
(Expert)
25 March 2011
for more info:-
https://www.mexicolaw.com/LawInfo05.htm
https://www.mexicolaw.com/LawInfo05.htm
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