https://www.taxtmi.com/caselaws?id=249023 Old and used buoyancy tanks, wire ropes, shackles, chain blocks and hydraulic pumps imported for off-shore pipeline laying were treated as capital goods used for rendering services. On that basis, para 2.17 of the Foreign Trade Policy 2004-09 permitted their free import without a specific licence. The import was therefore not in breach of the policy, and confiscation was not justified. As the goods were freely importable as old and used capital goods, redemption fine and penalty were not imposable. en-us Fri, 25 Apr 2014 00:00:00 +0530 Wed, 02 Jul 2014 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249023 Old and used buoyancy tanks, wire ropes, shackles, chain blocks and hydraulic pumps imported for off-shore pipeline laying were treated as capital goods used for rendering services. On that basis, para 2.17 of the Foreign Trade Policy 2004-09 permitted their free import without a specific licence. The import was therefore not in breach of the policy, and confiscation was not justified. As the goods were freely importable as old and used capital goods, redemption fine and penalty were not imposable. Case-Laws Customs Fri, 25 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249023