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NEW GUIDELINES ON PROCEDURE FOR IMPORT OF SECOND -HAND MACHINERY

Customs - Import - Export - SEZ - By: - K. Senguttuvan - Dated:- 23-10-2015 Last Replied Date:- 30-8-2016 - The CBEC has issued fresh guidelines for Valuation of Second Hand Machinery that are imported into India. In this regard, the Board has issued .....

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tain Inspection/Appraisement Certificate from a overseas Chartered Engineer in Form A or Indian Chartered Engineer (CE) in Form B and workings as per Circular No 493/124/86-Cus VI dated November 19,1987.[1] shall be compared with the value declared b .....

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importation ; also include any cost incurred in the nature of crating charges, dismantling or cost incurred for pre-shipment inspection. Guidelines enunciated by the Circular: Chartered Engineer Certificate Machinery imported shall be accompanied wi .....

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e not present in Customs Station, importers may avail Services of other agencies empanelled in Customs house in Form-B Comparison:Value of CE report and Working made in accordance with Circular No 493/124/86-Cus VI dated November 19,1987 shall be com .....

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