https://www.taxtmi.com/caselaws?id=92009 Imported equipment used to modernise already installed calcium carbide furnaces did not qualify for exemption under Notification No. 155/86-Cus. because the concession applied only to parts required for initial setting up, assembly or manufacture of the specified article. The furnaces were already in operation, and the import was intended to replace and supplement certain parts while retaining serviceable existing components and adding indigenous parts. That modernisation was not treated as initial setting up or as the assembly or manufacture of a new furnace, so the exemption claim failed. en-us Fri, 09 Jan 1998 00:00:00 +0530 Sat, 22 Oct 2011 14:52:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92009 Imported equipment used to modernise already installed calcium carbide furnaces did not qualify for exemption under Notification No. 155/86-Cus. because the concession applied only to parts required for initial setting up, assembly or manufacture of the specified article. The furnaces were already in operation, and the import was intended to replace and supplement certain parts while retaining serviceable existing components and adding indigenous parts. That modernisation was not treated as initial setting up or as the assembly or manufacture of a new furnace, so the exemption claim failed. Case-Laws Customs Fri, 09 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92009