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