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 - concession or exemption
chaganti srinivas
Import Concessions Denied for Materials to Public Sector Due to Lack of Excise Duty Exemption A user inquired about the possibility of importing materials at a concessional rate for supplies to a public sector undertaking that will further supply to the defense sector, given they have an excise duty exemption. The response clarified that importing materials on concession or exemption is only permissible if such exemptions or special procedures are applicable. Since the products in question are not exempt from excise duty, they cannot be imported at a concessional rate. (AI Summary)