New Import Policy for Second Hand Goods

Import Policy for Second Hand Goods :

2.31 Second Hand Goods

S.	Categories	of	Import	Conditions, if any
No.	Second	Hand	Policy
	Goods
I	Second Hand Capital Goods
(a)	i. Personal		Restricted	Importable against
	computers/			authorization
	laptops
	including	their
	refurbished / re-
	conditioned
	spares

ii.        Photocopier machines/ Digital multifunction Print & Copying Machines

iii.     Air conditioners

iv.   Diesel generating sets.

(b)	Refurbished		/	Free	Subject		to
	re-conditioned				production		of
	spares of Capital				Chartered	Engineer
	Goods				certificate	to	the
					effect   that		such
					spares have at least
					80% residual life of
					original spare.
(c)	All other second			Free
	hand	capital
	goods	{other
	than (a)	&	(b)
	above}
II	Second	Hand		Restricted	Importable against
	Goods	other			Authorization
	than	capital
	goods

Import through courier service

 Imports through a registered courier service are permitted as per Notifications issued by DoR. However, importability / exportability of such item shall be regulated in accordance with this FTP/ ITC(HS).

Export of goods through foreign post offices at New Delhi, Mumbai and Chennai using e-Commerce

Following goods through foreign post office using e-Commerce:

1 Handicraft Items/Products

2 Handloom Products

3 Books/Periodicals

4 Leather Footwear

5 Toys

6 Customised Fashion Garments*

Notes

1. The MEIS benefits on exports admissible for handicraft /handloom products shall be allowed only if the export documents show that the items exported are handicraft /handloom products respectively.

2. In case of any doubt about a product being a handicraft product, a certificate from Development Commissioner (Handicraft) shall be required.

 3* Customised Fashion Garments are garments that are made on specific request/order of customer and accordingly tailored/manufactured.

(i) Exports of goods through  foreign post office

using e-commerce, as notified in Appendix 3C, of FOB

value upto Rs. 25000 per consignment shall be entitled

for rewards under MEIS.

(ii) If the value of exports using e-commerce platform is

more than Rs 25000 per consignment then MEIS

reward would be limited to FOB value of Rs.25000

only.

(iii) Such goods can be exported in manual mode through

Foreign Post Offices at New Delhi, Mumbai and

Chennai.

Importing and exporting through Courier and Export incentive

Importing and exporting through courier #http://www.globaltaxguru.in/Courier_Duty
For export incentive  through courier#http://globaltaxguru.in/Export_tax
The above site is also useful for postal export incentive too.

#CourierExportIncentive is available at #http://www.globaltaxguru.in/Courier_Duty/

#PostalExportIncentive portal is at #http://www.globaltaxguru.in/g

Global Tax Guru website http://www.globaltaxguru.in/g shows export incentive.It will be updated for new export schemes MEIS.

Postal import portal http://www.globaltaxguru.in/Postal/

Postal import portal for e-commerce company at #http://www.globaltaxguru.in/Postal/

Now Export incentives to E-commerce companies exporting goods through courier or foreign post office

Exporting goods  upto FOB value of Rs 25,000/=  through Post and courier by E-commerce companies is eligible for export incentive  under Merchandise Exports from India Scheme(MEIS).
This will give boost to entrepreneurship as more and more E-commerce companies will use network of more than 1,50,000 Post offices and vast network of  courier companies.
   

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