Clarification on imports for less than 5 lacs

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....larification on imports for less than 5 lacs<br> Query (Issue) Started By: - BRIJMOHAN GOYAL Dated:- 24-11-2020 Last Reply Date:- 24-11-2020 Customs - Exim - SEZ<br>Got 1 Reply<br>Customs<br>Sir, We....

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.... need clarification on imports for PSUs & Govt organisation for less than 5 lacs. As per Public Procurement (Preference of Make in India), Order no. 2017 -Revision; dated 04th June 2020. As per claus....

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....e no.4 on page no.4 : &quot;Exemption of small purchases: Notwithstanding anything contained in paragraph 3, procurements where the estimated value to be procured in less than &#8377; 5 lakhs shall be....

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.... exempt from this order.&quot; As per our clause , it has doubt that :- (a) Applicable for price preference for Class- A vendor , for tenders less than 5 lac is not applicable. OR (b) Any procurem....

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....ent upto &#8377; 5 lakh is exempted from imports, i.e For imports less than 5 lacs by CPSUs/Govt. Orgn, no permission is required from Ministry of Expenditure. We request for clarification on above i....

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....ssue. Regards, BM Goyal Reply By PAWAN KUMAR: The Reply: request to share the details of the subject order.<br> Discussion Forum - Knowledge Sharing ....