Import of second hand capital goods
This query is : Resolved
14 November 2014
Hello Experts,
Our Company is Planning to Import a Plant used in Our Group Concern outside India .
so what are the applicable laws in INDIA in all respect.
And what are the Tax impacts.
further any advise to save duty on transaction.
Our Company is Planning to Import a Plant used in Our Group Concern outside India .
so what are the applicable laws in INDIA in all respect.
And what are the Tax impacts.
further any advise to save duty on transaction.
17 November 2014
Please answer me experts
30 May 2015
There is a requirement of NOC from the MOEF (ministry of environment and forests) that is required to be obtained before the custom clearance of 2nd hand capital goods.
ABOUT REDUCTION IN CUSTOM DUTY
******************************
YOU ARE NOT ADMISSIBLE FOR APPLY THE EPCG LICENCE SCHEME FOR REDUCTION CUSTOM DUTY.
FOR MORE INFO:
https://dgft.gov.in/Exim/2000/NOT/NOT12/not3512.htm
https://www.cbec.gov.in/customs/cs-circulars/cs-circulars08/circ04-2k8-cus.htm
ABOUT REDUCTION IN CUSTOM DUTY
******************************
YOU ARE NOT ADMISSIBLE FOR APPLY THE EPCG LICENCE SCHEME FOR REDUCTION CUSTOM DUTY.
FOR MORE INFO:
https://dgft.gov.in/Exim/2000/NOT/NOT12/not3512.htm
https://www.cbec.gov.in/customs/cs-circulars/cs-circulars08/circ04-2k8-cus.htm
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