Dear Sir,
We have imported Second Hand Machinery against Zero % EPCG Licence and we have completed export obligation as per FTP. We have got export obligation discharge certificate from DGFT and we have got bond cancellation certificate from customs.
Now we want to sale the goods in the domestic market.
Can be sold the goods in the domestic market with excise duty?
What is the procedure for customs, DGFT and Central Excise point of view?
Selling Imported Second-Hand Machinery Domestically: No Issues from Customs if Records Kept for 3 Years Under EPCG Rules A party inquired about selling imported second-hand machinery, initially acquired under a zero percent EPCG license, in the domestic market after fulfilling export obligations. They received the necessary discharge and bond cancellation certificates. The response indicated that there are no issues from Customs and DGFT, provided records are maintained for three years as per EPCG requirements. The machinery can be sold domestically by paying the applicable excise duty, similar to selling locally procured machinery. (AI Summary)
TaxTMI 
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TaxTMI 
