https://www.taxtmi.com/caselaws?id=153733 Second-hand dolleys imported for cargo-loading operations were treated as capital goods used to render services, and the policy condition requiring tradable services and free foreign exchange earnings was confined to the definition of services, not capital goods. On that reading, the absence of free foreign exchange earnings did not defeat eligibility for free import without a specific licence. The imported dolleys were therefore regarded as second-hand capital goods eligible for import, and the confiscation, fine, and penalty were set aside in favour of the assessee. en-us Fri, 07 Aug 2009 00:00:00 +0530 Mon, 29 Jul 2013 11:32:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153733 Second-hand dolleys imported for cargo-loading operations were treated as capital goods used to render services, and the policy condition requiring tradable services and free foreign exchange earnings was confined to the definition of services, not capital goods. On that reading, the absence of free foreign exchange earnings did not defeat eligibility for free import without a specific licence. The imported dolleys were therefore regarded as second-hand capital goods eligible for import, and the confiscation, fine, and penalty were set aside in favour of the assessee. Case-Laws Customs Fri, 07 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153733