Hi all,
I am a customs clearing agent, i wish to inform one of my overseas customer having supply of Electronic goods to different distributors in India.
if they found any defective as per their agreement they will provide free replacement to their distributor from overseas itself.
as of now we are regularly doing customs clearance on their distributor IEC (as a free replacement) but now our Overseas customer want to reduce the time and cost.
so, is it possible to import under single IEC (on us) to keep stock in our own warehouse and supply to their distributors without any commercial value and without statutory charges locally.
kindly let us know is there any provision under GST and Customs also to do this type of transactions.
kindly give a call to 9110257750 if required more clarifications.
thanks and looking forward for your suggestions
Regards
Shivu
CAclubindia
