Imports under leasing arrangement- BE may be filed in the name of importer and lessor

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....ods under project Imports etc., in the case of imports under leasing arrangements with leasing companies - reg. I am directed to refer to representation dated 5th May, 1998 from M/s All India Association of Industries on the above subject. They have informed that their members are setting up various industrial projects and availing the facility of import of capital goods under leasing agreement....

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....gulations, 1976. 3.    In case of imports under Project Import, the goods at concessional rate are allowed only in case of initial setting up of a unit or the substantial expansion of an existing unit of specific project and subject to the condition laid down under the Project Imports Regulations, 1986. The contracts are required to be registered. The benefit is allowed only for ....

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....ny, as follows in the Bills of Entry:- Importer's name and Address M/s__________________________________________________________ _________________________________________________________________ _________________________________________________________________ __________________________________(Lessee) Financed by M/s _____________________________________....