https://www.taxtmi.com/caselaws?id=121580 Under Notification No. 53/97-Cus., failure to achieve NFEP does not by itself create customs duty liability on imported capital goods. The notification treats capital goods differently from raw materials, components, spares and consumables, and duty on capital goods arises only if they are not installed or used in the bonded premises, or are not re-exported within the permitted period. As the moulds and dies were installed and used in the factory for manufacture of export articles, the duty demand on those capital goods was not sustainable and was correctly dropped. en-us Tue, 01 May 2007 00:00:00 +0530 Wed, 06 Dec 2017 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121580 Under Notification No. 53/97-Cus., failure to achieve NFEP does not by itself create customs duty liability on imported capital goods. The notification treats capital goods differently from raw materials, components, spares and consumables, and duty on capital goods arises only if they are not installed or used in the bonded premises, or are not re-exported within the permitted period. As the moulds and dies were installed and used in the factory for manufacture of export articles, the duty demand on those capital goods was not sustainable and was correctly dropped. Case-Laws Central Excise Tue, 01 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121580