Import of Refurbished / Reconditioned Spares and Tools
5.21
Import of refurbished spares shall be permitted under EPCG Scheme.
However such refurbished / reconditioned spares must have a residual life not less than 80% of life of original spare which would be certified by EPCG authorization holder.
The tools imported under EPCG Scheme may be transferred to any of units or group companies of applicant.