Foreign Direct Investment (FDI) in India – Issue of equity shares under the FDI scheme allowed under the Government route

A. P. (DIR Series) Circular No. 74 dated 30th June, 2011

Earlier Condition

Revised condition

Para 3(I)

Import of capital goods/Machineries/ equipment (including secondhand machineries),

Import of capital goods/Machineries/ equipment (excluding secondhand machineries),

Para 3(I)(b)

There is an independent valuation of the capital goods/ machineries/ quipment (including second-hand machineries) by a third party entity, preferably by an independent valuer from the country of import along with production of copies of documents/ certificates issued by the customs authorities towards assessment of the fair value of such imports;

There is an independent valuation of the capital goods/ machineries/ equipment (excluding second-hand machineries) by a third party entity, preferably by an independent valuer from the country of import along with production of copies of documents/ certificates issued by the customs authorities towards assessment of the fair value of such imports;