Import restrictions on second-hand capital goods impose age-based admissibility criteria and limited exemptions for prior commitments. Import of second-hand capital goods is restricted and requires licences from an Inter Ministerial Restricted Items Licensing Committee. The Committee applies age-based admissibility-recent goods normally allowed, intermediate-age goods assessed for comparative advantage, and very old equipment generally disallowed except for heavy infrastructure and core sectors-and requires conformity with environmental and industrial safety norms. Exceptions allow imports that involved substantive pre-cutoff steps, specified MOUs by automobile manufacturers, or prior EPCG committee decisions, with a conversion route via a revised Appendix 8 application.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Import restrictions on second-hand capital goods impose age-based admissibility criteria and limited exemptions for prior commitments.
Import of second-hand capital goods is restricted and requires licences from an Inter Ministerial Restricted Items Licensing Committee. The Committee applies age-based admissibility-recent goods normally allowed, intermediate-age goods assessed for comparative advantage, and very old equipment generally disallowed except for heavy infrastructure and core sectors-and requires conformity with environmental and industrial safety norms. Exceptions allow imports that involved substantive pre-cutoff steps, specified MOUs by automobile manufacturers, or prior EPCG committee decisions, with a conversion route via a revised Appendix 8 application.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
