5.20

Import of Refurbished / Reconditioned Spares and Tools

(a) Import of 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.

(b) The tools imported under EPCG Scheme may be transferred to any of units or group companies of applicant.

 [Para 5.20 has been subsituted vide PUBLIC NOTICE No.01/2013, DT. 18/04/2013 ]

[OLD 5.21

Import of Refurbished / Reconditioned Spares and Tools

(a) Import of 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.

(b) The tools imported under EPCG Scheme may be transferred to any of units or group companies of applicant.]