RadhaPyari.S (Advocate) (25 Points)
05 October 2008Whether payment of customs duty by a lessee on import of plant and machinery automatically confer ownership rights on the lessee assuming that the lessor supplies the same on lease basis but not on sale basis?
Thank you all in advance for your immediate response and intellectual inputs.
Radha Pyari.S
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 30 October 2008
No. It does not.
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