Clarification about Re-Export of CG's under Lease agreement of imports, Customs - Exim - SEZ

[Raju M]

Dear

We want to Import the machinery from Vietnam under a lease agreement of 5 years. After 5 years Machinery will send back to Origin. And there is no commercial value involved, only we will pay Lease amount yearly.

In this case, what is procedure and documents are required for Customs clearance ???

Do we need to pay Customs Duties??

Any duty exemption schemes are available ???

Please share your valuable suggestions.