Purchase Machinery

[amar singh]

Dear Sir,

We are a manufacturer and have a joint venture with japan. We want to purchase machine from japan but physically machine will not come to india . It will deliver to thailand. Thailand will make parts and sold to india. India will purchase and sold to domestic customer.

So please give me detail note as per above condition on it ie.

1- What is the process and what document will be for import ?

2- How can payment will be.

3- FEMA will applicable or not ?

Regards

Amar Singh

9899950076

AI Summary

Manufacturer Seeks Guidance on Importing Machinery from Japan to Thailand; Invoice, CA Certificate, and FEMA Compliance Required. A manufacturer with a joint venture in Japan inquired about purchasing machinery from Japan to be delivered to Thailand, where parts will be made and sold to India. The manufacturer sought guidance on the import process, documentation, payment procedures, and the applicability of FEMA. The response advised that an invoice from Japan is necessary, and it will be treated as a bill-to-ship-to transaction. Payment should be made after obtaining a certificate from a Chartered Accountant, and the amortization cost must be included for customs duty. FEMA will be applicable.