PAC - Difference in Sub Contractor / Vendor
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Deemed export: naming both subcontractor and manufacturer in a project authority certificate suffices to secure the benefit.
Inclusion of both the intermediary vendor/subcontractor and the manufacturer as named vendors in the Project Authority Certificate annexure is sufficient for claiming the deemed export benefit; a separate letter from the main contractor is not required where both entities are expressly listed. (AI Summary)
Inclusion of both the intermediary vendor/subcontractor and the manufacturer as named vendors in the Project Authority Certificate annexure is sufficient for claiming the deemed export benefit; a separate letter from the main contractor is not required where both entities are expressly listed. (AI Summary)
Under Project Authority Certificate, the main contractor (X) has placed an order of Y. Y inturn places the order on Z ( That's me a first stage dealer). We turn place the order on Manufacturer (A) from where materail will be directly shipped out to Y. In the PAC received from X, Both 'Y" & "A" is mentioned in the Annexure I as the Sub Vendor. Please advice if this is correct or a seperate letter is required from X that "A" is the vendor of "Y"
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