TaxTMI 
TaxTMI 
imports under EPC contracts
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....mports under EPC contracts<br> Query (Issue) Started By: - RAMASWAMY KRISHNA IYER Dated:- 3-1-2014 Last Reply Date:- 22-12-2015 Customs - Exim - SEZ<br>Got 1 Reply<br>Customs<br>We are a manufacturing company udertaking an expansion project. we execute projects under EPC scheme (ie.engineering, procurement , construction) under the scope of contractor. The contractor will have to import goods fro....
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....m outside india. we want to avail concessional customs duty of 5 percent under PIR. We propose to tell the EPC contractor to ask foreign supplier to ship the goods to us (manufacturer), show in the invoice buyer as EPC contractor , consignee as us (manufactuer). we intend to file B/E and clear the goods so that we can take cenvat benefit of CVD. But EPC contractor , who has to make foreign remit....
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....tance to supplier, has following issues: 1)now B/E filing is on computer system (ED1), no provision to write name of EPC contractor like manufacturer a/c EPC contractor 2)In the absence of above contractor cannot produce proof of import to RBI/dealers. 3)what value should be declared for duty payment, the value foreign supplier billed on Contractor OR actual payment manufacturer gives to the co....
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....ntractor. 4) any agreement required between manufacturer/contractor/foreign supplier on this. kindly offer your suggestions so that customs clearance is smooth and contractor does not have problem for foreign payments regards Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether you have got clarified in the above said issue? If not please inform.<br> Discussion Forum - Knowledge Sharing ....