https://www.taxtmi.com/caselaws?id=203488 Imported TV broadcast and studio equipment was analysed against the import policy in force when the REP licence was issued. Applying the policy for AM 1988-91, the goods were treated as capital goods permitted under para 177(2), and the later transitional provision in para 214(6) did not alter that position on the stated facts. On that basis, the goods were said to be covered by the REP licences, so confiscation was not justified and the redemption fine and penalty were unsustainable. en-us Wed, 15 Dec 2010 00:00:00 +0530 Mon, 30 May 2011 09:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203488 Imported TV broadcast and studio equipment was analysed against the import policy in force when the REP licence was issued. Applying the policy for AM 1988-91, the goods were treated as capital goods permitted under para 177(2), and the later transitional provision in para 214(6) did not alter that position on the stated facts. On that basis, the goods were said to be covered by the REP licences, so confiscation was not justified and the redemption fine and penalty were unsustainable. Case-Laws Customs Wed, 15 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203488