banner_ad

Import of second hand machine more than 10 years old.

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 March 2015 Dear Sir,
We are planning to import some second hand machinery more than 10 years old i.e (Booking bind machine & offset printing machine) as per an article in economic times in Dec, 2014 govt. proposed to ban the import of second hand capital goods more than 5 years old.
So now my question is:
I have paid an advance for the machinery more than 10 years and the shipment of which will be effected 15 days after from now. If in case the govt. restricts the importation for 5 years old machine in between this transaction will I be able to import the same ?
If not than how can I be assured that my advance pmt. paid for the procurement of these kind of machines in near future also will be safe too.
Profile Image

RAMESH KUMAR VERMA

Profile Image

RAMESH KUMAR VERMA (Expert)
27 March 2015 Para 5.1 of NOTIFICATION No. 01(RE-2013)/ 2009-2014 DATED THE 18th April, 2013

"Second hand capital goods shall not be permitted to be imported under EPCG Scheme"
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details