https://www.taxtmi.com/caselaws?id=82908 Imported digital bearing checker was held not to fall within a licence for restricted spares because it was an instrument in its own right, not a spare satisfying the policy definition. It also did not qualify for Open General Licence treatment as bearing inspection equipment, since it was not capital goods used directly for production or rendering services and was only maintenance-support equipment. On redemption fine, the actual-user character of the import and absence of profit motive made a fine equal to the full value excessive, so the fine was reduced. Confiscation and denial of clearance were otherwise sustained. en-us Fri, 03 Jul 1992 00:00:00 +0530 Fri, 08 Jul 2011 11:22:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82908 Imported digital bearing checker was held not to fall within a licence for restricted spares because it was an instrument in its own right, not a spare satisfying the policy definition. It also did not qualify for Open General Licence treatment as bearing inspection equipment, since it was not capital goods used directly for production or rendering services and was only maintenance-support equipment. On redemption fine, the actual-user character of the import and absence of profit motive made a fine equal to the full value excessive, so the fine was reduced. Confiscation and denial of clearance were otherwise sustained. Case-Laws Customs Fri, 03 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82908