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TMI BlogImport of second hand (5 years old) machinery without payment of dutyX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts, We are to import second hand (5 years old) machinery without payment of duty, as per new FTP it is not allowed under EPCG schem, please suggest any schem/method to import without payment of duty. Thanks N Regards Narendra Kumar Soni - Reply By Mahir S - The Reply = Sir, As on date, we are not allowed to import Second Hand CG under EPCG authorizations. Zero Duty EPCG authorizat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ions are issued only for import of New CGs. - Reply By Narendra Soni - The Reply = Dear Mr.Mahir, Your reply is already mentioned in my query, please suggest any other method/scheme for importing second hand (5 years old) machinery without payment of duty.As per new FTP it is not allowed under EPCG scheme. - Reply By CA Sumit Aggarwal - The Reply = Dear Narendra Ji, As per para 6.02 of FTP; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... second hand CG, without age limit, may be imported duty free by EOU, STP, EHTP, STP and BTP subject to specify condition as mentioned therein. As you mentioned in your query, import of second hand CG is not possible against EPCG. Thanks!! - Reply By Narendra Soni - The Reply = Dear Agarwal ji, Agreed with you, but we are DTA unit, please suggest how can we import second hand CG without paymen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t of duty. - Reply By CA Sumit Aggarwal - The Reply = Dear Narendra Ji, In FTP there is no other option available!! Thanks!! - Reply By MUKUND THAKKAR - The Reply = Dear Narendra if you have any incentive scrip on hand utilized for payments of custom duty as per FTP 15-20 in case import 5 years old CG. no any other option you have. - Reply By CA Sumit Aggarwal - The Reply = Dear Nar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... endra Ji, I agree with Mr. Mukund that the Duty Credit Scrips can be used for Payment of Customs Duties for import of inputs or goods, including capital goods, as per DOR notification, except items listed in Appendix 3A. Thanks!! - Import of second hand (5 years old) machinery without payment of duty - Query Started By: - Narendra Soni Dated:- 1-7-2015 Customs - Import - Export - Customs - SEZ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Got 7 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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