Import of second hand semi-trailer (hs code 8716 3900

Hi,

 

I am looking to import a refurbished semi-trailer (the trailer which is connect to trucks which are used to transport sea containers). I spoke to DGFT and was told that new or refurbished is counted in the HS Code specified (i.e. 8716 3900 with basic duty of 10%) unless I import it as scrap. 

I had read that the import of second hand capital goods can be free if authorized. Can I classify this under capital goods ( it will be a capital good for me). Also, can any specify what documentation I need to provide to authorize the import. I would be interested in availing the services of anyone who can assisst me in the same.

I am currently unsure of whether the import will be as per the HS code (at 10%) or any other with 0% duty as per the DGFT circular.

Looking forward to replies!

Thanks,

Ashwin

Hi,,Ashwin

If you want to import second hand goods to India, It should be categorized in capital goods.

Duty would be 10%, can not be 0%,

Further you need to have a correct value declaration from a chartred engineer.

Regards

Krunal

Hi Krunal,

Many thanks for the reply. I am going to be using it as a capital good as it will be used to transport steel coils by my company for TATA Steel. This should be easy for me classify under capital goods??

@ Mr. Karan,

Thank you for the information. Unfortunately my import cannot be placed in the EPCG scheme as my exports are bare minimum.

Many thanks for the replies!

Best, 

Ashwin


Originally posted by : Ashwin Nair




Hi,

 

I am looking to import a refurbished semi-trailer (the trailer which is connect to trucks which are used to transport sea containers). I spoke to DGFT and was told that new or refurbished is counted in the HS Code specified (i.e. 8716 3900 with basic duty of 10%) unless I import it as scrap. 

I had read that the import of second hand capital goods can be free if authorized. Can I classify this under capital goods ( it will be a capital good for me). Also, can any specify what documentation I need to provide to authorize the import. I would be interested in availing the services of anyone who can assisst me in the same.

I am currently unsure of whether the import will be as per the HS code (at 10%) or any other with 0% duty as per the DGFT circular.

Looking forward to replies!

Thanks,

Ashwin

Hi,,Ashwin

If you want to import second hand goods to India, It should be categorized in capital goods.

Duty would be 10%, can not be 0%,

Further you need to have a correct value declaration from a chartred engineer.

Regards

Krunal