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What is the policy provision for import of second hand Capital Goods?

April 26, 2017Capital hand import policy

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What is the policy provision for import of second hand Capital Goods?

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Import of second hand Capital Goods, which are not more than 10yrs. Old shall be allowed freely. However, the same shall not be transferred, sold or otherwise disposed off within a period of two years from the date of import, except with the prior permission of DGFT.