Issue of I form by SEZ unit under EI transaction senario

[vishnumurthi holla]

Dear Sir,

We are a SEZ unit has given contract to 'A'-a Private limited company to construct a PEB for our SEZ Plant. Both SEZ Unit and The Contractors are in Karnataka.

Now The Contractor - A - Purchased some steel from the Manufacturer in Hyderabad and effected direct delivery to SEZ site ( Billed to A and Shipped to SEZ Unit). He has followed Rule 30 of SEZ Rules. Since this Transaction is Interstate Movement , the supplier is asking I form from SEZ Unit, which we are unable to issue as the re is no Buyer and seller relation lies between seller and SEZ Unit.

The contractor Bills it to SEZ unit on Running bill basis.

I need to Know, whether SEZ has to Issue I form to the Supplier or Contractor? What is the way out?

AI Summary

SEZ Unit Faces Dilemma Over Issuing I Form for Interstate Steel Purchase; Legal Advice Recommended A Special Economic Zone (SEZ) unit in Karnataka contracted a private company to construct a PEB for their plant. The contractor purchased steel from a manufacturer in Hyderabad, who shipped it directly to the SEZ site, billing the contractor. The manufacturer requested an I form from the SEZ unit due to the interstate nature of the transaction. The SEZ unit is unsure if they can issue the I form, as there is no direct buyer-seller relationship between them and the manufacturer. Responses suggest issuing the I form based on the supplier's invoice and consulting legal counsel for confirmation.