https://www.taxtmi.com/caselaws?id=266808 Titanium sheets imported under the Status Holder Incentive Scheme were treated as capital goods because the notification used an inclusive definition covering items used directly or indirectly in manufacture, including materials forming part of plant or equipment. The sheets functioned as lining material in chemical reactors for a corrosive process, and the EPCG licence had already classified them as capital goods under the same policy framework. Customs could not take a different view from the licensing authority on that classification, so the exemption under Notification No. 104/2009 was upheld. en-us Fri, 12 Jun 2015 00:00:00 +0530 Mon, 09 May 2016 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266808 Titanium sheets imported under the Status Holder Incentive Scheme were treated as capital goods because the notification used an inclusive definition covering items used directly or indirectly in manufacture, including materials forming part of plant or equipment. The sheets functioned as lining material in chemical reactors for a corrosive process, and the EPCG licence had already classified them as capital goods under the same policy framework. Customs could not take a different view from the licensing authority on that classification, so the exemption under Notification No. 104/2009 was upheld. Case-Laws Customs Fri, 12 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266808