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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
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
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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