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18 January 2019

I have one party which purchase aerospace grade SS 321 from italy at Rs 325 without paying cu1stom and Gst and made component and export to america. however it also purchase at Rs 505 from local market SS 321 of italy origin. I have query why he purchase same grade SS 321 with high cost same grade same italy manufacturer. Is any import restriction limit to get export benefit or other reason. please suggest me reason.

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8 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (166519 Points)
Replied 18 January 2019

Was it for local consumption? or export?

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akshay vaidmutha (bcom) (307 Points)
Replied 18 January 2019

after some processing , it is exported

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (166519 Points)
Replied 18 January 2019

If Second lot is also exported, then it could be to save time taken in shipment during import. Export orders are time bound.

akshay vaidmutha (bcom) (307 Points)
Replied 18 January 2019

Party is regular client of italy co. it regularly import and export such product. Other local party also take purchase order from such party and then place import order to italy co .

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (166519 Points)
Replied 18 January 2019

Yes, so the local purchase is for domestic customers, who in turn export.

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akshay vaidmutha (bcom) (307 Points)
Replied 18 January 2019

..make sale in sea sale agreement to the party who export to america after processing. So time will be no big matter, is forex matter like upto limit restriction.