customs duty on goods physically not imported

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....ustoms duty on goods physically not imported<br> Query (Issue) Started By: - kothapally Raji Reddy Dated:- 6-8-2011 Last Reply Date:- 21-1-2015 Customs - Exim - SEZ<br>Got 2 Replies<br>Customs<br>Sir ....

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.... Is there an obligation on a company to pay customs duty on the machinery bought in country X with the approval from RBI in terms of the provisions of FEMA to buy machinery and lease out the said mach....

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....inery in that country namely X itself wihout physicaly brinhing the machinery into the country. Pl advise with relevant provisions. Reply By Surender Gupta: The Reply: As per the provisions of Custo....

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....ms, duty is liable to paid when goods are imported i.e. bringing into India or exported i.e taken outside India. In your case, goods are not imported into India and therefore, customs duty is not levi....

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....able. However, if there is any condition is put by the RBI under FEMA, you need to comply with the same. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Very thanks for the information even though I hav....

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....e belatedly see it.<br> Discussion Forum - Knowledge Sharing ....