https://www.taxtmi.com/caselaws?id=166927 Modernisation and revamping of an existing industrial unit can qualify as substantial expansion for project import concession where the imports form part of an approved major project and the contract is registered under the prescribed customs regulations. The commentary notes that the benefit under Heading 84.66 depended on initial setting up or substantial expansion, but the relevant regulations did not require a formal reference to section 13 of the Industries (Development and Regulation) Act, 1951. Because the proposed changes involved major alterations in machinery, furnaces, rolling capacity, thickness tolerance, and output characteristics, the conditions for contract registration were treated as substantially satisfied and the project import benefit was upheld. en-us Sat, 10 Apr 1982 00:00:00 +0530 Wed, 12 Nov 2014 17:38:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166927 Modernisation and revamping of an existing industrial unit can qualify as substantial expansion for project import concession where the imports form part of an approved major project and the contract is registered under the prescribed customs regulations. The commentary notes that the benefit under Heading 84.66 depended on initial setting up or substantial expansion, but the relevant regulations did not require a formal reference to section 13 of the Industries (Development and Regulation) Act, 1951. Because the proposed changes involved major alterations in machinery, furnaces, rolling capacity, thickness tolerance, and output characteristics, the conditions for contract registration were treated as substantially satisfied and the project import benefit was upheld. Case-Laws Customs Sat, 10 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166927