https://www.taxtmi.com/caselaws?id=170144 Importability of second-hand capital goods was determined by the date of filing the Bill of Entry, not the Bill of Lading. On that date, the applicable EXIM policy had already removed the age-based restriction on machinery, so the shuttleless looms did not require a licence. As licence-free import was permissible on the relevant date, confiscation and penalty were not sustainable and were set aside. en-us Tue, 01 Mar 2011 00:00:00 +0530 Mon, 18 May 2015 12:20:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170144 Importability of second-hand capital goods was determined by the date of filing the Bill of Entry, not the Bill of Lading. On that date, the applicable EXIM policy had already removed the age-based restriction on machinery, so the shuttleless looms did not require a licence. As licence-free import was permissible on the relevant date, confiscation and penalty were not sustainable and were set aside. Case-Laws Customs Tue, 01 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170144