2.33

Import of second hand capital goods, which are not more than 10 years old, shall be allowed freely to an actual user. 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 the Director General of Foreign Trade.

(First sentence of this para has been corrected vide PN No. 17/2002, Dt. 05/06/2002)