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
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
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Minimum tax payable to file Updated return
- Tds on commission charges
- Applicability of GST on Salary Reimbursement Component
- Dep. as per companies act
- UDIN ISSUE
- Renovation exp. in flat by family member
- Tax rate change regarding
- FAST-DS Scheme - Foreign Assets
- SALARY CAN BE CAPITALIZE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
30 September 2026
CA Article Assistant
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
ARTICLESHIP
16 September 2026
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
CCI
Pro
CAclubindia
