https://www.taxtmi.com/caselaws?id=123118 Imported medical equipment used for medical services was treated as capital goods under Para 9.12 of the Foreign Trade Policy because the definition covers plant, machinery and equipment required for rendering services, including the services sector. The MRI system and CT scanner therefore fell within the permitted category, and reliance on Para 9.52 was rejected as not excluding such equipment. As the goods were less than ten years old, no import licence was required, so confiscation, redemption fine and penalty under Section 112 of the Customs Act, 1962 could not be sustained. en-us Mon, 12 Nov 2007 00:00:00 +0530 Thu, 06 Sep 2012 16:13:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123118 Imported medical equipment used for medical services was treated as capital goods under Para 9.12 of the Foreign Trade Policy because the definition covers plant, machinery and equipment required for rendering services, including the services sector. The MRI system and CT scanner therefore fell within the permitted category, and reliance on Para 9.52 was rejected as not excluding such equipment. As the goods were less than ten years old, no import licence was required, so confiscation, redemption fine and penalty under Section 112 of the Customs Act, 1962 could not be sustained. Case-Laws Customs Mon, 12 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123118