The issue stands resolved, we could replicate the equipment's as part of installed base in SAP CRM.
Ensure the following in the z partner determination procedure Z0000032, the blog determination and the log are unchecked.
Ensure all the partner functions are present which are a copy of the standard pricing procedure.
Under the following configuration CRM-Master Data-Installed Base-Replication of Technical Objects from SAP ERP- Define Default Settings for Replication of Equipment,
Ensure that the site name corresponds to the ERP RFC destination, and the Ibase category is set to equipment, once these settings were changed the equipment in SAP ECC was replicating as installed base in SAP CRM
Kind Regards
Atul