Import of Second hand Capital goods under EPCG., Central Excise

[Srivatsan Krishnamachari]

Dear Experts,

We want to import Second hand Capital goods under EPCG.

Please let me know the tax benifits and procedure.

If it is not against EPCG, What is the Procedure.

Thanks for your support.

Posts / Replies

[Naveed S]

Sir,

Second hand capital goods shall not be permitted to be imported under EPCG Scheme.

[Naveed S]

You may import second-hand capital goods under the Project Import Regulations, 1986.

[MUKUND THAKKAR]

Sir,

Second hand capital goods allow with the payments of duty , but ensure that capital goods not old more than 10 years. as and when are you importing second hand capital goods, valuation activity carried out by custom on bases of charter engineer certificate at port.