Purchase Machinery, Customs - Exim - SEZ

[amar singh]

Dear Sir,

We are a manufacturer and have a joint venture with japan. We want to purchase machine from japan but physically machine will not come to india . It will deliver to thailand. Thailand will make parts and sold to india. India will purchase and sold to domestic customer.

So please give me detail note as per above condition on it ie.

1- What is the process and what document will be for import ?

2- How can payment will be.

3- FEMA will applicable or not ?

Regards

Amar Singh

9899950076

Posts / Replies

[YAGAY AND SUN]

You would need an Invoice raised by your counter part i.e. Japan. This shall be treated as bill to ship to transaction.

Payment shall be made after getting a certificate from your CA. At the time of import of parts made from such machine, the amortization cost would be included for the payment of customs duty. FEMA shall be applicable.