Capital goods exemption expanded to include advanced machine tools and testing equipment, widening sectoral import relief. Amendment expands notification 317/87-Cus by inserting a detailed list of precision machine tools, CNC equipment, grinding and finishing machines, measuring and testing instruments, cutting and welding systems, and related manufacturing and tool-room apparatus as capital goods eligible for customs exemption; and expressly adds textile machinery and paper machinery to the explanatory list of recognised sectors.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Capital goods exemption expanded to include advanced machine tools and testing equipment, widening sectoral import relief.
Amendment expands notification 317/87-Cus by inserting a detailed list of precision machine tools, CNC equipment, grinding and finishing machines, measuring and testing instruments, cutting and welding systems, and related manufacturing and tool-room apparatus as capital goods eligible for customs exemption; and expressly adds textile machinery and paper machinery to the explanatory list of recognised sectors.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
