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Import

Economics

Does transfer (not sale, just movement) between Branches of a company, or holding and subsidiary, or two divisions of a company, which are in 2 different countries constitute import? What happens in customs when goods are transferred in such a way?


Apparnah k

Apparnah k

CA Inter

7K+

21-Jan-22 15:12

185

Answers (2)

As per Customs Act, Import means bringing into India from a place outside India. In general, any movement from outside India to India is treated as import.


Yoga Vishnu

Yoga Vishnu

CA Final

11K+

21-Jan-22 15:28

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