7.33.8

Clearance of Capital Goods including second hand in DTA shall be allowed as per the Policy under EPCG Scheme. In other cases, clearance in DTA may be allowed on payment of applicable duty and Import Policy in force on the date of such clearance.

(Above Para 7.33.8 has been substituted vide P.N.NO. 17/2004-09, DT. 15/10/2004)

[OLD-
Clearance of capital goods imported as second hand shall be allowed as per the Policy under EPCG Scheme. In respect of second hand capital goods which are less than 10 years old on date of import, clearance in the DTA may be allowed, on payment of applicable duties, after 2 years from the date of import. In addition, where the second hand capital goods are more than 10 years old, clearance in the DTA may be allowed only against an import licence and payment of applicable duties. ]