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Import of second hand capital goods

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(Querist)
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.
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kapil goyal

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kapil goyal (Querist)
17 November 2014 Please answer me experts
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
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
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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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