Import of material - concession or exemption

[chaganti srinivas]

We will be supplying material to PSU, which will be further supplied to Defence. We have got exemption from payment of Execise duty. Can i import material on concession or exemption for the supplies made to this organisation.

Import of material on concession or exemption is allowed only it is available for exemption or special procedure. As per your query, since your products are not exempted from excise duty, you can not import the material at concessional rate of duty.

AI Summary

Import concession unavailable where goods lack statutory excise exemption, barring concessional import rates for such supplies.
Import concession is available only when a statutory exemption or special procedure permits concessional treatment; because the goods are not exempt from excise duty, they do not qualify for concessional import duty and cannot be imported at a reduced rate.