Import of second hand machinery

This query is : Resolved

Querist : Anonymous

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

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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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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