I HAVE A SMALL WOODEN HANDICRAFTS MANUFACTURING UNIT IN YAMUNANAGAR. MY ACCOUNT DOES NOT EVEN FALL IN THE AUDIT ZONE AND IS AROUND 32 LAKHS. I HAVE RECENTLY ORDERED MACHINERY FROM CHINA WHICH IS AROUND 16000 USD. THE CUSTOM DUTY ON MACHINERY IS 25%. I HAVE TO DO JOB WORK ON THESE MACHINERY FOR EXPORTERS. CAN BY ANY MEANS I CAN AVOID THE CUSTOM DUTY. AND SECONDLY IF I IMPORT MDF FROM CHINA AND USE IT AS RAW MATERIAL FOR EXPORTER CAN THE CUSTOM DUTY ON MDF BE SAVED.
Menu
Import of machinery !!!
Replies (2)
Yes, you can. first under EPCG and other one in Advance Authorisation. It’s a very tedious job, lot of documentation involved and coordination with exporters as well. I doubt will it be fruitfull given the above cost.
in your condition CAN Avail DFIA. AUTHORISATION.
Recent Topics :
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
- NPO registered under sec 8 itr filing
- Form 144 (Earlier 27Q) – Reason Code (A/C/G/
- Nps taxation
- Representative assessee
Related Topics :
CAclubindia
