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Revision in equipment import norms

EM NEWS BUREAU ,  Wednesday, May 04, 2011, 16:13 Hrs  [IST]

Untitled - 5.jpgThe Union power ministry has sought restrictions on the use of imported power equipment, it is learnt. Such equipment would need to adhere to energy efficiency norms and there should be guarantee on availability of spare parts. The new norms could also find applications across the capital goods industry. The move is seen to boost domestic capital goods manufacturers, especially those in the SME sector. Imports of second-hand equipment are mainly seen in power equipment, machine tools, textile machinery, earthmoving equipment, etc. The Centre is also likely to impose curbs on the number of ports through which such imports could take place. India yet has no separate policy for imported second-hand equipment, unlike countries like China, Australia and Thailand that are known to have specific policies in this regard.
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