https://www.taxtmi.com/caselaws?id=123428 Second-hand printing machinery with accessories was treated as capital goods and, under the prevailing Exim Policy, was freely importable without a licence because it was not specifically restricted. A later notification could not be applied to an import made before its issue date, as a substantive amendment to import policy operates prospectively unless expressly made retrospective. The appellate view in favour of the importer was therefore left undisturbed, and the Revenue's challenge failed. en-us Mon, 12 Mar 2007 00:00:00 +0530 Thu, 13 Sep 2012 18:38:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123428 Second-hand printing machinery with accessories was treated as capital goods and, under the prevailing Exim Policy, was freely importable without a licence because it was not specifically restricted. A later notification could not be applied to an import made before its issue date, as a substantive amendment to import policy operates prospectively unless expressly made retrospective. The appellate view in favour of the importer was therefore left undisturbed, and the Revenue's challenge failed. Case-Laws Central Excise Mon, 12 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123428