Import of Machinery

Jeevesh Mehta (Advocate- Corporate Commercial & Indirect Tax Advisory)   (861 Points)

23 March 2009  

If I import ceratin Machinery from abroad with the understanding that those machineries shall be sent back after 5 years ... then in that case what is the implication of the Customs Duty at the time of import ... are there any exemptions to that effect?

 

Please guide