Assisted our client, an Indian Offset Partner, to procure offset equipment under the Defence Procurement Policy. The offset was part of a much larger deal with one of India’s oldest defense equipment suppliers. The matter of Customs duty implication was raised by the DRI. Given the geo-political sensitivity of the issue, we represented our client before the Ministry of Defense and Ministry of Finance to assist in duty-free clearance of such imports.
Along with this we assisted our client in structuring helicopter maintenance and upgradation contracts to maximize tax efficiency and minimize implications.