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Import of Tools

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 January 2011
Dear Experts

We are going to import some tools from our group company china for our new model purpose after one year we will re export the same to our group company.

Please let me know the service tax applicability.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
25 January 2011 Service tax will not apply on import of tool, if you are not paying hire charges for use of immovable property.

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