Second hand personal goods should not require import licence

As per Foreign Trade Policy, second hand capital goods are allowed to be imported without any licence. But  second goods for personal use seems to be restricted. This view is not appears to be correct.

"......Provided that where it is established to the satisfaction of the Adjudicating Authority that any goods or materials which are liable to confiscation under this rule, had been imported for personal use, and not for any trade or industry, such goods or materials shall not be ordered to be confiscated........"   Rule 17. Confiscation and redemption..FOREIGN TRADE (REGULATION) RULES, 1993 Ministry of Commerce Notification No. GSR 791 (E), dated 30-12-1993.




It is interpreted that  if any goods is imported for personal use than it cannot be confiscated  for violation  of above Rule. There is no value limit  for personal import without any licence.However, Department of Revenue/ Customs department   ,at many place, does not allow goods imported for personal use. Reason cited is based on 3(1)(i) of   Foreign Trade (Exemption from application of Rules in certain cases) Order, 1993. This is not true. 


Once Rule itself says that personal use goods are not to be confiscated ,then ,where is question of restricting import of consumer electronics goods ,valued more than C.I.F ,Rs 2000/= through  Order. Hence, goods for personal use should be allowed without any adjudication , whether it is old or new.  Revenue authority and DGFT to rectify and make  importing  goods for personal use as smooth affair.

Exports transaction cost to be cut by 40 percent

Scindia said transaction of exports cost nearly $14 billion annually. This is nearly seven percent of India's total exports value. 

Total merchandise exports from India was $178.66 billion in 2009-10. The government targets to increase it to $200 billion during the current fiscal. (Source:http://economictimes.indiatimes.com/news/economy/foreign-trade/Exports-transaction-cost-to-be-cut-by-40-percent/articleshow/6426877.cms)

Import of wine as gift or sample into India through courier

                    


 Import of wine is free ,that is without any import licence.

 But , you have to pay  customs duty @ 150 % EXCEPT for sacramental wine(Which is  @ 36.136 %).

 As far IEC is concerned , if  importer is commercial organisation, then requires an IEC.

 Sample of wine or gift,supplied free of cost through Courier and valued less than Rs 10,000/=, is  with out any  Customs duty. For more information ,you can visit my site www.globaltaxguru.in.
If you are interested in regular business ,then ,i can help you.
Thanks and warm regards
Ravindra Kumar
www.globaltaxguru.in