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Opinion / Suggestion on Sub Export of Capital Equipment s such as Machinery Moulds and other consumables from our India Plants to our DUBAI named as Moldtek Packaging

Customs - Started By: - Rajavarapu Nageswar Rao - Dated:- 26-3-2016 Last Replied Date:- 30-3-2016 - Sir,Kind Attn: Sri Viswanath GaruSub: Export of Capital Equipment s such as Machinery , Moulds and other consumables from our India Plants to our DUBAI named as Moldtek Packaging FZE located at -RAK Free Trade Zone (registered as wholly owned subsidiary) for manufacturing purpose - Regarding..With reference to above subject we intend to manufacture the capital goods such as Moulds, Auxilliary equi .....

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e consumable which we intend to export will be considered as exports or not? As per Govt rules and regulations. Is it mandatory such exports to our unit at Dubai should receive remittance for the value of the goods exported from India to consider it as an export? What is the procedure to capitalise the capital goods in the process to show in the books of accounts? Is there any other mandatory laid out the procedures to follow for such exports to take the benefit of export? Please let us know und .....

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distinct artificial entity capable to sue and being sued.Now let consider your Issue: Does the transfer of Moulds with valid document such as Invoice with value , Packing list , Certificate of origin , Bill of Lading , Shipping Bill etc considered as export or not ? As per Govt rules and regulations.Ans: Yes, the same shall be treated as Export .If you effect transfer you shall have to have prepare all the pre and post shipment documentations and follow the procedures as you ought to follow in .....

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dure to capitalise the capital goods in the process to show in the books of accounts?Ans: You add value of the Capital Goods in the value of the Gross block of the other capital goods installed or to be installed in the factory and claim depreciation there on .4. Is there any other mandatory laid out the procedures to follow for such exports to take the benefit of export?Ans: You can take EPCG licence for duty free import of Machinary for manufacturing Mould ( but you have to export 6 time of du .....

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fer pricing provisions under Income Tax regarding valuation /export value of your products intended to export to your Dubai subsidiary.2. You can also claim eligible export incentives on the goods so exported in terms of Foreign Trade Policy which is available at www.dgft.gov.in in addition to DBK, Rebate etc.,RegardsSuryanarayana - Reply By malay pota - The Reply = Dear Mr R Nageswar RaoShri Surya narayana ji is correct if you are a Public Limited Company Related Party transaction is to be take .....

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ssion may be required from RBI (Master Circular No. 11/2015-16 Dt:01.07.2015) vide para B.4 (Page No.12) / B.7 (Page No.15) / B.12 (Page No.19) etc., b) Also As per FTP - Payments and Receipts on Imports / Exports : Chapter 2.52 (denomination of Export Contracts) & 2.54 (Non - Realisation of Export Proceeds - would they required any prior permission from RBI as per FT procedure No.2.85 & 2.87. c) M As per CBEC in various circulars and Individual Customs & Excise Commissionerate vario .....

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