imports under EPC contracts

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..... We are a manufacturing company udertaking an expansion project. we execute projects under EPC scheme (ie.engineering, procurement , construction) under the scope of contractor. The contractor will have to import goods from outside india. we want to avail concessional customs duty of 5 percent under PIR. We propose to tell the EPC contractor to ask foreign supplier to ship the goods to us ( .....

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..... manufacturer), show in the invoice buyer as EPC contractor , consignee as us (manufactuer). we intend to file B/E and clear the goods so that we can take cenvat benefit of CVD. But EPC contractor , who has to make foreign remittance to supplier, has following issues: 1)now B/E filing is on computer system (ED1), no provision to write name of EPC contractor like manufacturer a/c EPC contracto .....

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..... r 2)In the absence of above contractor cannot produce proof of import to RBI/dealers. 3)what value should be declared for duty payment, the value foreign supplier billed on Contractor OR actual payment manufacturer gives to the contractor. 4) any agreement required between manufacturer/contractor/foreign supplier on this. kindly offer your suggestions so that customs clearance is smooth an .....

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..... d contractor does not have problem for foreign payments regards - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Whether you have got clarified in the above said issue? If not please inform. - imports under EPC contracts - Query Started By: - RAMASWAMY KRISHNA IYER Dated:- 3-1-2014 Customs - Import - Export - Customs - SEZ - Got 1 Reply - Customs - Discussion Forum - Knowledge Sharing, repl .....

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..... y post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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