Import of Second hand Capital goods under EPCG.

[Srivatsan Krishnamachari]

Dear Experts,

We want to import Second hand Capital goods under EPCG.

Please let me know the tax benifits and procedure.

If it is not against EPCG, What is the Procedure.

Thanks for your support.

[Mahir S]

Sir,

Second hand capital goods shall not be permitted to be imported under EPCG Scheme.

[Mahir S]

You may import second-hand capital goods under the Project Import Regulations, 1986.

[MUKUND THAKKAR]

Sir,

Second hand capital goods allow with the payments of duty , but ensure that capital goods not old more than 10 years. as and when are you importing second hand capital goods, valuation activity carried out by custom on bases of charter engineer certificate at port.

AI Summary

Import of second-hand capital goods barred under EPCG; alternatives include project import route or duty-paid import with valuation. Import of second-hand capital goods is not permitted under the EPCG scheme. Such goods may instead be imported under the Project Import Regulations, 1986, or imported on a duty-paid basis if they satisfy an age restriction and are valued at the port by customs using a chartered engineer's certificate.