https://www.taxtmi.com/caselaws?id=73551 Para 204(1) of the Import-Export Policy, 1985/1988 was construed to permit a manufacturer-exporter holding a valid REP licence to import raw materials, components, consumables, spares and packing materials related either to the products exported by him or to the products manufactured by him. The expression was treated as disjunctive, not conjunctive. On that reading, imports of umbrella cloth panels by a manufacturer of umbrellas satisfied the policy nexus requirement because the goods were related to the relevant manufactured products. The confiscation and penalty under the Customs Act, 1962 were therefore not sustainable. en-us Fri, 01 Jan 1988 00:00:00 +0530 Wed, 01 Jun 2011 17:34:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73551 Para 204(1) of the Import-Export Policy, 1985/1988 was construed to permit a manufacturer-exporter holding a valid REP licence to import raw materials, components, consumables, spares and packing materials related either to the products exported by him or to the products manufactured by him. The expression was treated as disjunctive, not conjunctive. On that reading, imports of umbrella cloth panels by a manufacturer of umbrellas satisfied the policy nexus requirement because the goods were related to the relevant manufactured products. The confiscation and penalty under the Customs Act, 1962 were therefore not sustainable. Case-Laws Customs Fri, 01 Jan 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73551