TaxTMI 
TaxTMI 
SIr , What are the procedure for import second hand machinary to EOU unit and what arethe documents needed to import it through Cochin port .
Procedure - Import of second hand machinery
28 Nov 2009 
2 Replies 
6298 Views Asked by
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)
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)