https://www.taxtmi.com/caselaws?id=89783 Imported equipment used by a bank to record foreign exchange-related conversations was treated as professional equipment, not consumer goods, because the licensing clarification excluded professionally used equipment from that category. On that basis, the voice logging system and accessories were held importable under the Open General Licence. Even assuming the import was outside the licence, penalty was not justified because the importer was an actual user and had acted under a bona fide belief that the goods were not consumer goods. The impugned order was therefore set aside with consequential relief. en-us Tue, 26 May 1998 00:00:00 +0530 Thu, 29 Sep 2011 16:41:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89783 Imported equipment used by a bank to record foreign exchange-related conversations was treated as professional equipment, not consumer goods, because the licensing clarification excluded professionally used equipment from that category. On that basis, the voice logging system and accessories were held importable under the Open General Licence. Even assuming the import was outside the licence, penalty was not justified because the importer was an actual user and had acted under a bona fide belief that the goods were not consumer goods. The impugned order was therefore set aside with consequential relief. Case-Laws Customs Tue, 26 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89783