Quantitative restrictions on imports of capital goods and
intermediates have been almost completely removed. The import of second
hand capital goods is allowed, provided they have a residual life of 5
years.
Import of all items, except those included in the Prohibited List, is
permissible free of duty for export production under a Duty Exemption
scheme. In order to facilitate expeditious approvals of import proposals
under this scheme, input-output norms for more than 3,000 items have
been announced.Negative List consisting of: prohibited list, canalised
items, restricted list