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Procedure - Import of second hand machinery

Suvarna Kumar

SIr , What are the procedure for import second hand machinary to EOU unit and what arethe documents needed to import it through Cochin port .

Duty free import of second hand machinery: EOUs must produce a procurement certificate and required customs documentation for clearance. An Export Oriented Unit may import second hand machinery duty free under the FTP and relevant customs notification; a procurement certificate from the Range Office must be produced at bill of entry assessment and the unit must be registered for duty free import. Required documents on import include invoice, packing list, bill of lading, procurement certificate, and, if needed, test certificates or contract copies; procedural permissions such as LOP, Green Card, LOI and B 17 bond are referenced for clearance. (AI Summary)
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Anish Jain on Dec 1, 2009
An EOU can procure duty free second hand machinery without any time limit under para 6.2 (b) of FTP 2009-14 and under custom notification no. 52/2003. You need to take procurement certificate from your Range Office. This certificate will be submitted at the time of assessment of bill of entry. you are also requiered to register yourself for duty free import. at the time of import you are supposed to submit Invoice, Packing List, Bill of lading, Procurement Certificate, Test Certificate if required to determine heading and copy of contract if required by appraiser.
Guest on Dec 1, 2009
Ref para 2.17 of FTP for details, Documents are LOP, Green Card, LOI, B-17 Bond.
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