Can CDEC be given to Indian buyer and Seller?
2 years ago
I have a situation in which i as a buyer (Indian company) and Indian company as seller (importing from OEM) is asking for CDEC as they claim they have warehouse facility at customs and they have quoted cdec prices to us. Is it legal to give CDEC to them, generally we use CDEC for direct import. We have research setup.kindly guide
Ayantika Mondal @ Prime Legal
Responded 2 years ago
A.Hi,
As per the Government Notification, CDEC is given only to imports for equipment for research purposes. However, you need to show that those equipment are not manufactured in India in order to claim CDEC. The CDEC is granted to qualified institutions, not to the buyer and sellers of OEMs.
As per the Government Notification, CDEC is given only to imports for equipment for research purposes. However, you need to show that those equipment are not manufactured in India in order to claim CDEC. The CDEC is granted to qualified institutions, not to the buyer and sellers of OEMs.
Helpful
Helpful
Share
A.Custom Duty Exemption Certificate (CDEC) can only be given to Importers and not to Indian Sellers and Buyers and if you do that then it will be illegal I think and all of you will be in trouble and hence be sure before doing anything like that.
Helpful
Helpful
Share
A.Hi,
In the case of imports for research Institutions, the exemption is only granted to the qualifying institutions and not to the agents of OEM suppliers. However certain exceptions are always made.
If you find my answer helpful then kidly rate me.
In the case of imports for research Institutions, the exemption is only granted to the qualifying institutions and not to the agents of OEM suppliers. However certain exceptions are always made.
If you find my answer helpful then kidly rate me.
Helpful
Helpful
Share
Read Related Answers
Money recovery
Dear Client,
In the absence of any documentary evidence supporting your claim against the person to whom you transferred the money digitally, recovery of said money is not feasible even through litiga...
Pg owner
Dear Client,
Owner of the PG is imposing restrictions without proper legal basis. Since there's no formal agreement signed by you detailing any rules or regulations, the owner's demands may not hol...
Transfer of Property to the partnership firm through Will
Dear Client
If the assets or properties of your father are self acquired property then as per the law he can dispose/transfer the property to anyone he wishes to in any of of the mode. He can will it,...
Cycle repairing shopkeeper didn't give bill receipts after replacing tyre
Dear Client,
You can escalate your grievance against the shopkeeper before the concerned mediation cell of the Consumer Affairs Deptt. formed by the State Govt to redress the grievances of the consume...
Mis diagnosed and wantedly do the surgery sonmany times
Dear client, you can file a complaint of medical negligence under criminal law, consumer protection law and tort law.
The complaint can be filed under sec 304A, 336,337 and 338 of indian penal code.
Y...
Read Blogs on Commercial
Commercial Lawyers
Find Lawyers by Location
