Impport of second hand goods under epcg

SFaiz (Engineer) (56 Points)

25 April 2017

Are second hand goods excluded from the EPCG scheme? I read somewhere that you can do it? Please clarify

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Ajit Hegde (CA - Final) (1367 Points)
Replied 26 April 2017

No. epcg can be availed for second hand goods also

SFaiz (Engineer) (56 Points)
Replied 01 May 2017

Can you please provide reference of the FTP/handbook clause regarding this.

Ajit Hegde (CA - Final) (1367 Points)
Replied 01 May 2017

I'm sorry. There is a restriction in the new policy 15-20. It was allowed under the old policy 14-19.

SFaiz (Engineer) (56 Points)
Replied 01 May 2017

Thank you.

Ajit Hegde (CA - Final) (1367 Points)
Replied 01 May 2017

Para 5.01(f) of the FTP 2015-20 restricts the import of second hand goods under EPCG. Whereas as per para 5.2 of the FTP 09-14 it was allowed

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