I need procedure for importing the second hand machinery. Any duty concessions are available?, Please refer any notifications/circulars.
Procedure - importing second hand machinery
chaganti srinivas
Import of second hand capital goods allowed with conditions; computer imports restricted and spares need engineer certification. Import of second hand capital goods, including refurbished or reconditioned spares, is allowed subject to conditions; imports of second hand computers and laptops are restricted. Refurbished or reconditioned spares (other than computer spares) may be imported on production of a Chartered Engineer certificate certifying substantial residual life. For duty rates or concessions importers must refer to the relevant notifications. (AI Summary)
TaxTMI
TaxTMI