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

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.