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Import of second hand machinery

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 July 2010 Hi

What are the compliances, requirements and procedure under customs and income tax act for the import of second hand machinery?

Thanks


09 July 2010 DEAR ANONYMOUS,

YOU CAN APPLY FOR EPCG LICENCE IN THIS CASE FOR EXEMPTION THE ALL THE DUTY.
T
E.O. MUST BE FULFILLED OTHERWISE, ON BREACH ELGIBLE OF FTDR ACT.

YOU WILL BE PAYBLE THE DUTY SAVED WITH INTEREST.

REGARDS


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