35(RE-2012)/ 2009-2014 dated 28.02.2013
 

Policy on Second Hand Goods.

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY
PART-II, SECTION-3, SUB SECTION (ii)
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE & INDUSTRY
DEPARTMENT OF COMMERCE
 
NOTIFICATION NO. 35   (RE-2012)/2009-2014
NEW DELHI: Dated:   28th February, 2013

 
Subject:   Policy on Second Hand Goods:
 

S.O. (E): In exercise of powers conferred under Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy, 2009-2014, as amended from time to time,the Central Government hereby makes the following amendment in Para 2.17 of Foreign Trade Policy, 2009-2014:- 
2.         Para 2.17 of Foreign Trade Policy, 2009-2014 is revised to read as under:-

 
Sl. No. Categories of  Second Hand Goods Import  Policy Conditions, if any  
I Second Hand Capital Goods  
(a)          i.            Personal computers/ laptops including their refurbished / re-conditioned spares
       ii.            Photocopier machines/ Digital multifunction Print & Copying Machines
      iii.            Air conditioners
     iv.            Diesel generating sets
Restricted Importable against
authorization
 
(b)          i.            Refurbished / re-conditioned spares of Capital Goods Free Subject to production of Chartered Engineer certificate to the effect that such spares have at least 80% residual life of original spare.  
(c) i.            All other second hand capital goods {other than (a) &( b)  above} Free    
II Second Hand Goods other than capital goods Restricted Importable against
authorization
 
           
               

3.  Effect of this Notification:
 
While the import policy (in the third column) remains unchanged for various categories of second hand goods, more clarity has been imparted both in Categories (second column) and in Conditions (fourth column).

Sd/-

(Anup K. Pujari)
Director General of Foreign Trade
E-mail : dgft@nic.in

[Issued from File No. F. No. 01/93/180/36/AM-13/PC-2(B)]

Opinion

This Notification clarifies the various Categories (second column) and Conditions (fourth column) regarding Import policy of Second hand goods.

WHY CHOOSE US?

We are team of professionals having vast experience in business setup and post compliances. We have helped hundreds of business in their set up and compliances. We use this knowledge and expertise to help our clients to take their business to the next level with results driven solutions.

OUR VISION

We believe in offering top quality and timely services. “To be a quality service provider, supporting global client base in their accounting, transaction, legal and taxation requirements.”We are a company of promise and possibilities. Each day represents a fresh opportunity to share Our Vision.

OUR MISSION

Our mission is to provide One-Stop solution to our clients for their business, financial and regulatory requirements.
We focus on timely, innovative, proactive and independent assurance, financial and tax services to our client and optimize stakeholders' value.

OUR OBJECTIVE

Our objective is to create and sustain long term relationship with our clients and provide one stop solutions for their requirements.

Our employees ideas and inspiration create opportunities constantly, and without limits.


Services

Taxation

Enhancing a stakeholder value is a fundamental concept, which drives every management effort in the modern business environment. Progressive and bottom – line focused managements have realized that taxes should be viewed as a dynamic item of cost, rather than a passive charge on the profits....

Read More

Advisory Service

Managing Risk to enhance performance to truly manage risk, it is vital to enable the right frameworks. We help enhance your business performance by building strong risk management frameworks into the very core of your business processes. This enables us to minimize...

Read More

Assurance

Our assurance services include Statutory audit, Tax audit and Special audits. We carry out audit of financial statements prepared in accordance with various GAAP's (IGAAP/US GAAP / IFRS / other international GAAP) under applicable auditing standards. Our audit methodology is compliant...

Read More

Admin Login

Employee Login

Get in Touch