https://www.taxtmi.com/caselaws?id=89548 Imported amusement-park equipment was held to satisfy the exemption conditions in Notification No. 133/91-Cus. because the importer retained legal ownership and substantial control, and the operating arrangement did not amount to a sale or complete divestment of possession. The phrase "parted with" was read with "sold" to mean surrender of ownership or legal possession, not every form of physical or operational use by another entity. On the stated facts, the importer's continuing interest through the shareholding and control structure meant the goods were not alienated, so denial of exemption was unsustainable. en-us Tue, 23 Jun 1998 00:00:00 +0530 Wed, 28 Sep 2011 10:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89548 Imported amusement-park equipment was held to satisfy the exemption conditions in Notification No. 133/91-Cus. because the importer retained legal ownership and substantial control, and the operating arrangement did not amount to a sale or complete divestment of possession. The phrase "parted with" was read with "sold" to mean surrender of ownership or legal possession, not every form of physical or operational use by another entity. On the stated facts, the importer's continuing interest through the shareholding and control structure meant the goods were not alienated, so denial of exemption was unsustainable. Case-Laws Customs Tue, 23 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89548