My company in land aquisition stage for setting up a factory for manufacture of excisable material. Ordering for key imported machinery is also done. Land aquisition is not yet completed but imported shipment has dispatched and is likely to reach india within next 2 month.
Can any one suggest that can we temporarily store this imported mateiral at a place in other state or at a factory in other state other than ultimate destination for factory, till we get possession of land?
Will there be an adverse impact on duty consesion and sales tax?
What proceedure needs to be follwed?
CAclubindia
