Dear all
The situation is,
A SEZ unit, in project stage, entered into outsourcing contract for maintaining of its cranes with foreign based contractor. As per the contract terms the contractor has to bring the spares for the maintanance from his country and kept in the SEZ unit and consumed as and when required. He will raise the invoice on the SEZ unit only at the time of the consumption. Normally, in case the contractor directly import the spares from his country it will attract all applicable customs duties.
Since the SEZ unit is eligible for exemption from the customs duty on import, let me know
what is the procedure to file the Bill of Entry and other things to get the spares duty free under the above mentioned situation.
Hope clarified soon.
CAclubindia
