Import/Export

FTP Opens Doors For Some Second-Hand Goods Imports

Published: April 11, 2023
Author: DIGITAL MEDIA EXECUTIVE

With some limitations, India’s new Foreign Trade Policy (FTP) has taken a new stance on the import of used goods, allowing for the repair of used items before re-exporting them and paving the way for the entry of used electronics and IT products.

A new category of unrestricted imports for items brought into the country for the purpose of repair, refurbishment, reconditioning, or re-engineering with the goal to re-export is described in the import policy for used products in the FTP 2023.

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