Import of Bus for Resort

[MAHENDRA SINGH RAJPUROHIT]

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

[YAGAY andSUN]

As discussed earlier, you should go for a Scrip, issued under Served from India Scheme (SFIs).  Since, your earnings are more than of Rs. 10.00 Lakhs, therefore, you are eligible for a scrip issued under the SFIs it option would be workable for you and you may import bus without payment of customs duty.

AI Summary

Served from India Scheme scrip enables duty-free import of a commercial bus when exporter meets earnings eligibility. Import of a 10-12 seated bus for commercial resort use can be effected through an export scrip under the Served from India Scheme, which permits import without payment of customs duty where the importer/exporter meets the scheme's foreign earnings eligibility; the advisor states that applicants whose foreign earnings exceed the specified lower threshold are eligible for such a scrip and may use it to avoid direct customs duty payment.