eximtimes.com

GOVERNMENT OF INDIA

MINISTRY OF COMMERCE & INDUSTRY

DEPARTMENT OF COMMERCE

DIRECTORATE GENERAL OF FOREIGN TRADE

Policy  Circular No.  16   (RE-2005)/2004-2009                   Date:  July 15, 2005    

Subject:            Clarification regarding Para 5.1 of the Foreign Trade Policy

Attention is invited to Para 5.1 of Foreign Trade Policy 2004-09 updated as on 31.3.2005 which permits import of second hand capital goods without any age restrictions under EPCG Scheme.

2.         It is clarified that second hand capital goods of Indian origin shall not be permitted to be imported under EPCG Scheme.

 3.        This issues with the approval of competent authority.

( M.K. Parimoo )

Dy. Director General of Foreign Trade

(F.No : 01/94/180/Policy Circular/AM06/ PC-I)

To

All Licensing Authorities