Dear Sir, we have taken one lot of machineries along with office equipments and office furniture. We are bringing machineris under EPCG. We also intend to bring office equipment and office furniture under EPCG. Can we bring this under EPCG ? Is their any provision in EPCG to bring office furniture or any alternation is avaialble under foreighn trade policy.
IMPORT OF OFFICE EQUIPMENT & FURNITURE UNDER EPCG
SANJEEV JADHAV
Capital goods definition excludes office furniture for EPCG, requiring alternative schemes for duty-free import by service providers. Office equipment and furniture are excluded from the capital goods definition for EPCG because that definition lists spares, tools, jigs, fixtures, dies and moulds; thus EPCG cannot be used to import office furniture. Advance Licence is not suitable for importing finished furniture as it targets raw materials. Service providers may access duty-free import of furniture under the SFIS, subject to that scheme's terms and eligibility conditions. (AI Summary)
TaxTMI