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bcom
307 Points Posted on 18 January 2019
I have one party which purchase aerospace grade SS 321 from italy at Rs 325 without paying cu1stom and Gst and made component and export to america. however it also purchase at Rs 505 from local market SS 321 of italy origin. I have query why he purchase same grade SS 321 with high cost same grade same italy manufacturer. Is any import restriction limit to get export benefit or other reason. please suggest me reason.
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On 18 January 2019 at 09:08 Report
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SEO Sai Gr. Hosp.
211715 Points Posted on 18 January 2019

Was it for local consumption? or export?

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On 18 January 2019 at 09:30
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bcom
307 Points Posted on 18 January 2019
after some processing , it is exported
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On 18 January 2019 at 09:33
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SEO Sai Gr. Hosp.
211715 Points Posted on 18 January 2019

If Second lot is also exported, then it could be to save time taken in shipment during import. Export orders are time bound.

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On 18 January 2019 at 10:05
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bcom
307 Points Posted on 18 January 2019
Party is regular client of italy co. it regularly import and export such product. Other local party also take purchase order from such party and then place import order to italy co .
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On 18 January 2019 at 10:19
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SEO Sai Gr. Hosp.
211715 Points Posted on 18 January 2019

Yes, so the local purchase is for domestic customers, who in turn export.

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On 18 January 2019 at 10:30
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bcom
307 Points Posted on 18 January 2019
..make sale in sea sale agreement to the party who export to america after processing. So time will be no big matter, is forex matter like upto limit restriction.
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On 18 January 2019 at 10:34
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SEO Sai Gr. Hosp.
211715 Points Posted on 18 January 2019

Yes, or it can be due to time management in factory.

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On 18 January 2019 at 10:40
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bcom
307 Points Posted on 18 January 2019
thankue dhiraj ji
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On 18 January 2019 at 10:45


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