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Guidelines for import of Second Hand Capital Goods
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....is invited to Para 5.3 of Export Import Policy 1997-2002 (as amended upto 31.3.99), Para 5.29 and Para 5.30 of Handbook of Procedure Vol.1 - 1997-2002 (as amended upto 31.3.99). As per the provisions contained therein, import of second hand capital goods is Restricted and subject to import licensing procedures. Applications for such licences are considered by the Inter Ministerial Restricted Items....
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....the Committee may fix any other criteria as it may deem necessary. 3. In view of the problems faced by importers who had taken substantive steps for import of second hand capital goods before 31.3.99 or under special circumstances as mentioned below, the import of second hand capital goods may be allowed by the Committee even if they do not conform to the guidelines as prescribed in Para 2 abov....