https://www.taxtmi.com/caselaws?id=80549 Polyester film coated with ferric oxide was treated as having acquired magnetic recording characteristics, so it ceased to qualify as plain polyester film for import-control purposes. The Tribunal held that the coating materially altered the goods' commercial and functional identity, bringing them within the description of audio magnetic tape in jumbo rolls, a restricted item requiring an import licence. Reliance on customs tariff and HSN explanations did not change that classification, and exemption notifications could not defeat the licensing requirement. The import was therefore unauthorised, and the confiscation and penalty order was sustained. en-us Fri, 11 May 1990 00:00:00 +0530 Fri, 17 Jun 2011 15:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80549 Polyester film coated with ferric oxide was treated as having acquired magnetic recording characteristics, so it ceased to qualify as plain polyester film for import-control purposes. The Tribunal held that the coating materially altered the goods' commercial and functional identity, bringing them within the description of audio magnetic tape in jumbo rolls, a restricted item requiring an import licence. Reliance on customs tariff and HSN explanations did not change that classification, and exemption notifications could not defeat the licensing requirement. The import was therefore unauthorised, and the confiscation and penalty order was sustained. Case-Laws Customs Fri, 11 May 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80549