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TMI BlogClarification on imports for less than 5 lacsX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, We need clarification on imports for PSUs Govt organisation for less than 5 lacs. As per Public Procurement (Preference of Make in India), Order no. 2017 -Revision; dated 04th June 2020. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... As per clause no.4 on page no.4 : Exemption of small purchases: Notwithstanding anything contained in paragraph 3, procurements where the estimated value to be procured in less than ₹ 5 lakhs s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hall be exempt from this order. As per our clause , it has doubt that :- (a) Applicable for price preference for Class- A vendor , for tenders less than 5 lac is not applicable. OR (b) Any pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... curement upto ₹ 5 lakh is exempted from imports, i.e For imports less than 5 lacs by CPSUs/Govt. Orgn, no permission is required from Ministry of Expenditure. We request for clarification on ab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ove issue. Regards, BM Goyal - Reply By PAWAN KUMAR - The Reply = request to share the details of the subject order. - Clarification on imports for less than 5 lacs - Query Started By: - BRIJMOH ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AN GOYAL Dated:- 24-11-2020 Customs - Import - Export - Customs - SEZ - Got 1 Reply - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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