08 December 2008
Sir,please let me know that as per Export Policy (Para 5.3.2) specifies that after installation of capital goods we need to inform the CEA about the same within six months if that is not done we are liable for penality so please let me know under which CIRCULAR we can be penalise??Also what is the penality Amount???Can that be avoided somehow??
its compulsory that, installation of capital goods must be informed to CEA. Some penality will be applied if not submitted the installation certificate.
CAclubindia
