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Custom duty on second hand weaving machines

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 April 2013 Sir,

We are in process to import second hand Rapier Looms from turkey and after modification in EPCG Scheme no relief available for custom duty on second hand capital goods. As per tariff we have to pay total import duty of 16.1% on these machinery. Is there any scheme under which we can import these machinery on lower rates? Please suggest us.
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
18 May 2013 no no this scheme is best for you.
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