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Clarification on imports for less than 5 lacs - Customs - Exim - SEZExtract Sir, We need clarification on imports for PSUs Govt organisation for less than 5 lacs. As per Public Procurement (Preference of Make in India), Order no. 2017 -Revision; dated 04th June 2020. As per clause no.4 on page no.4 : Exemption of small purchases: Notwithstanding anything contained in paragraph 3, procurements where the estimated value to be procured in less than ₹ 5 lakhs shall be exempt from this order. As per our clause , it has doubt that :- (a) Applicable for price preference for Class- A vendor , for tenders less than 5 lac is not applicable. OR (b) Any procurement upto ₹ 5 lakh is exempted from imports, i.e For imports less than 5 lacs by CPSUs/Govt. Orgn, no permission is required from Ministry of Expenditure. We request for clarification on above issue. Regards, BM Goyal
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