https://www.taxtmi.com/caselaws?id=93513 Imported ISO containers were examined under the Import and Export Policy 1992-97 to determine whether they qualified as capital goods or accessories capable of import without a licence. A container specially designed to house the ice maker was treated as an essential component of the ice-making plant, not an accessory, and remained liable to confiscation. A second container used for ice storage was found to enhance storage capacity and efficiency without altering the plant's basic function, so it qualified as an accessory and fell within the policy treatment for capital goods. The redemption fine was reduced accordingly. en-us Mon, 03 Apr 2000 00:00:00 +0530 Mon, 14 Nov 2011 10:52:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93513 Imported ISO containers were examined under the Import and Export Policy 1992-97 to determine whether they qualified as capital goods or accessories capable of import without a licence. A container specially designed to house the ice maker was treated as an essential component of the ice-making plant, not an accessory, and remained liable to confiscation. A second container used for ice storage was found to enhance storage capacity and efficiency without altering the plant's basic function, so it qualified as an accessory and fell within the policy treatment for capital goods. The redemption fine was reduced accordingly. Case-Laws Customs Mon, 03 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93513