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Jun 29, 2012· The following guidelines govern the import of second hand machinery into India.The following provisions (paras) of the Foreign Trade Policy lays down the broad parameters: 2.17 All second hand goods, except second hand capital goods, shall be restricted for imports and many be imported only in accordance with provisions of FTP, ITC (HS), HBP v1 ...
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Jan 20, 2016· Where used second hand machinery is sold for export to India and the sale meets all of the requirements set out in Customs Valuation (Determination of Value of Imported Goods) Rules 2007, the price paid or payable for the goods is to be used as the basis for determining the assessable value.
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The CBEC has issued fresh guidelines for Valuation of Second Hand Machinery that are imported into India. In this regard, the Board has issued Circular No 25/2015- Cus that has superseded its earlier circular No- 4/2008. In brief the Boards wants. All the expenses incurred on such second hand machinery whether paid to machine vendor or to some ...
Feb 06, 2020· 4.1 Where used second hand machinery is sold for export to India and the sale meets all of the requirements set out in Customs Valuation (Determination of Value of Imported Goods) Rules 2007, the price paid or payable for the goods is to be used as the basis for determining the assessable value. 4.2 However, it is frequently the case that as ...
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