Dear Sir,
We wants to Import Bus/Van (10-12 Seated) with full duty payment for Commercial use in Resort.
1. Can we Import with Duty payment ?
2. If our total Foreign Earning is less than 1.50 Carore for last three year, we are eligible for Importing Bus/Van ?
With Thanks & Regards
MAHENDRA SINGH RAJPUROHIT
Eligible for Duty-Free Bus Import Under Served from India Scheme with Earnings Over Rs. 10 Lakhs. A query was raised about the possibility of importing a 10-12 seater bus or van for commercial use in a resort, with full duty payment. The individual inquired whether they could proceed with the import if their foreign earnings were less than 1.50 crore over the past three years. The response advised pursuing a scrip under the Served from India Scheme (SFIs), as their earnings exceeded Rs. 10 lakhs, making them eligible for duty-free importation of the bus. (AI Summary)
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