TaxTMI 
TaxTMI 
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
secend hand capital goods import
23 Aug 2012 
6 Replies 
1867 Views Asked by
Import of second-hand capital goods permitted under EPCG despite no age restriction, practice suggests usable shelf life guidance.
FTP 2009-2014 (para 5.2(g)) permits import of second-hand capital goods under the EPCG Scheme without an explicit age restriction; however, practice treats remaining usable life (commonly about ten years) as a de facto condition, a position not found in current policy text or customs circulars and derived from older policies, while media reports indicate possible forthcoming formal restrictions. (AI Summary)
FTP 2009-2014 (para 5.2(g)) permits import of second-hand capital goods under the EPCG Scheme without an explicit age restriction; however, practice treats remaining usable life (commonly about ten years) as a de facto condition, a position not found in current policy text or customs circulars and derived from older policies, while media reports indicate possible forthcoming formal restrictions. (AI Summary)