FTP opens doors for some second hand goods imports

Source: The post is based on the article “FTP opens doors for some second hand goods imports” published in The Hindu on 7th April 2023

What is the News?

The government of India has notified the new Foreign Trade Policy(FTP) 2023.

What does the Foreign Trade Policy 2023 provide for the import of second-hand goods?

FTP 2023 has adopted a new approach to the import of second-hand electronics and IT goods.

The policy allows the import of used second-hand goods into the country for the purpose of repair, refurbishing, re-conditioning or re-engineering with an intent to re-export them.

However, such imports will be conditional upon importers ensuring that any waste generated during the repair or refurbishing process is treated as per domestic laws and environmental, safety and health norms.

Note: The import of second-hand air conditioners, desktop and laptop computers, their refurbished spares as well as diesel generators will continue in the ‘restricted’ imports category that requires prior authorisation.

What is the significance of these new rules on the import of second-hand goods?

This move will encourage reconditioning and refurbishment activities for re-exports. 

It would also enhance effective control and regulation in relation to the import of such goods and prevent unwarranted importation of such second-hand electronic goods into India proving detrimental to the indigenous markets.