Question ID : 42192

Import of raw materials at Free of Cost

Hi All, Request clarification and guide lines for following query 1. A Ltd Importing Raw material and components (HSN Codes 8481.90.90 & 4016.90.90 & 7225) free of Cost from T Inc (USA). Material values would be around INR 3 Crores. T Inc and A Ltd are subsidiaries of X Ltd and accordingly they are related parties. Is this transaction possible and what are the guidelines to be followed to import the materials

posted by CA. BALASUBRAMANIAM P on Dec 13 2021 12:00AM