secend hand capital goods import

[GANESH IYER]

can we have the clarification on the residul life of the secend hand machinary import..under duty paymnet or EPCG..

is there any mininmum shelf life requirement ??

Ganesh

AI Summary

Importing Used Machinery: No Age Limit per Foreign Trade Policy 2009-2014, But 10-Year Shelf Life Expected A forum participant inquired about the residual life requirements for importing second-hand machinery under duty payment or the EPCG scheme. It was clarified that the Foreign Trade Policy 2009-2014 allows the import of second-hand capital goods without age restrictions. However, a participant noted that while not explicitly stated in policy documents, a minimum shelf life of around 10 years is generally expected. Additionally, it was mentioned that the government plans to impose restrictions on the import of used capital goods to support domestic manufacturers, as reported in a news source.