NO GR /EDF Waiver

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..... Initial import was found defective and sent to Italy for repair under GR Waiver, When reimported, again found defective. This time Foreign Party wants to utilise their Indian arms to lift the materials from Importer's warehouse and arrange a replacement on DDP basis where we need not for GR/EDF Waiver Is it permissible -Please guide - Reply By YAGAY andSUN - The Reply = Yes, it is permitted .....

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..... transaction. However, you need to keep you AD in loop for issuance of GR Waiver and for closure of IDPMS and EDPMS accurately. - Reply By JAYANTA BANDYOPADHYAY - The Reply = Sir Initially, foreign equipment supplier mentioned about repair-refurbishment -accordingly, we mentioned and Bank issued EDF -GR Waiver certificate Now, there is a major overhaulment-could be improved version and party .....

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..... is billing Euro 160000 i.e. ₹ 1.3 Crore approx. None will believe it as fair repair cost What is the way out? There will be matching identification issue Kindly guide Regards, Jayanta bandyopadhyay 31/8/2020 - Reply By JAYANTA BANDYOPADHYAY - The Reply = Foreign Vendor now mentions that it is a major overhauling - almost a new equipment costing Euro 200000 i.e. ₹ 1.60 Crores abo .....

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..... ve Does RBI's Master Policy-EDF / GR Waiver pemits such a complete upgradation or it is only for minor repair- as No forex involvement declaration given at the time of application now goes over a toss Kindly guide Rgds Jayanta Bandyopadhyay Kolkata 28/9/2020 - NO GR /EDF Waiver - Query Started By: - JAYANTA BANDYOPADHYAY Dated:- 21-7-2020 Customs - Import - Export - Customs - SEZ - Got .....

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..... 3 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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