Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
The Customs, Excise and Service Tax Appellate Tribunal held that the imported machinery "Innopet Plasmax System 20Q" used for coating PET bottles for aerating beverages/aerated waters is appropriately classifiable under Customs Tariff Item 8422 3000, and its parts under CTI 8422 9090 of the Customs Tariff Act, 1975. The Tribunal set aside the impugned order passed by the Commissioner of Customs classifying the goods under CTI 8479 8999, allowing the appeals in favor of the appellants.
The Customs, Excise and Service Tax Appellate Tribunal held that the imported machinery "Innopet Plasmax System 20Q" used for coating PET bottles for aerating beverages/aerated waters is appropriately classifiable under Customs Tariff Item 8422 3000, and its parts under CTI 8422 9090 of the Customs Tariff Act, 1975. The Tribunal set aside the impugned order passed by the Commissioner of Customs classifying the goods under CTI 8479 8999, allowing the appeals in favor of the appellants.
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