Import of secondhand capital goods: allowed to actual users subject to age based import and EPCG debonding conditions. Import of second hand capital goods is freely allowed to an actual user only if the goods are not more than ten years old at import; EPCG debonding is restricted, permitting debonding for second hand goods under the ten year threshold after a holding period on payment of duties, while goods older than ten years may be debonded only against an import licence and duty payment. Additional amendments reclassify service provider export house nomenclature, permit SEZ DTA sales subject to duties and tariff change rules, require jewellery exports to reflect wastage norms and to compute CIF from FOB per Handbook value addition, and adjust depreciation and various appendix entries.
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Import of secondhand capital goods: allowed to actual users subject to age based import and EPCG debonding conditions.
Import of second hand capital goods is freely allowed to an actual user only if the goods are not more than ten years old at import; EPCG debonding is restricted, permitting debonding for second hand goods under the ten year threshold after a holding period on payment of duties, while goods older than ten years may be debonded only against an import licence and duty payment. Additional amendments reclassify service provider export house nomenclature, permit SEZ DTA sales subject to duties and tariff change rules, require jewellery exports to reflect wastage norms and to compute CIF from FOB per Handbook value addition, and adjust depreciation and various appendix entries.
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