https://www.taxtmi.com/caselaws?id=267118 Imported equipment supplied for a continuous annealing line and a continuous galvanizing line under an integrated expansion project was treated as capital goods, because the contract covered a complete plant and machinery package and the consignments were only phased deliveries of that single supply. The definition of capital goods under the Foreign Trade Policy and Notification No. 104/2009-Cus. was treated as materially identical, extending to plant, machinery, equipment and accessories used for manufacture, production, modernization, technological upgradation or expansion. Goods already accepted as capital goods under the EPCG regime were not denied SHIS treatment merely on that basis, and the contrary Revenue precedent was considered inapplicable. The exemption was therefore upheld for the importer. en-us Thu, 08 Oct 2015 00:00:00 +0530 Fri, 18 Nov 2016 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267118 Imported equipment supplied for a continuous annealing line and a continuous galvanizing line under an integrated expansion project was treated as capital goods, because the contract covered a complete plant and machinery package and the consignments were only phased deliveries of that single supply. The definition of capital goods under the Foreign Trade Policy and Notification No. 104/2009-Cus. was treated as materially identical, extending to plant, machinery, equipment and accessories used for manufacture, production, modernization, technological upgradation or expansion. Goods already accepted as capital goods under the EPCG regime were not denied SHIS treatment merely on that basis, and the contrary Revenue precedent was considered inapplicable. The exemption was therefore upheld for the importer. Case-Laws Customs Thu, 08 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267118