Who certifies the balance life of the machine to be exported to India?
A Chartered Engineer has to certify the balance life. Again the Customs or any other Central or State Government authority may avail of services of Inspection and Certification Agencies in Appendix 5 of the HBP v1, for certifying residual life as well as valuation / purchase price of capital good. Ravi Energie Inc. being an Agency enlisted in Appendix-5 and as Ravi Energie has Chartered Engineers on role, can certify both.