https://www.taxtmi.com/caselaws?id=329199 Imported used video cameras are treated under the Foreign Trade Policy and Handbook of Procedure as second hand capital goods if they fall within the broad definition of capital goods used directly or indirectly for manufacture, production, or rendering services. The policy framework places second hand capital goods in the free import category, subject only to specific restrictions such as those relating to personal computers and laptops. Equipment intended for rental to film and television entities and for revenue generation can therefore fall within capital goods, and no separate exclusion is drawn on those facts. The commentary states that, on this basis, confiscation of such imports would be unsustainable where no specific restriction applies. en-us Fri, 19 Feb 2016 00:00:00 +0530 Sat, 05 Nov 2016 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329199 Imported used video cameras are treated under the Foreign Trade Policy and Handbook of Procedure as second hand capital goods if they fall within the broad definition of capital goods used directly or indirectly for manufacture, production, or rendering services. The policy framework places second hand capital goods in the free import category, subject only to specific restrictions such as those relating to personal computers and laptops. Equipment intended for rental to film and television entities and for revenue generation can therefore fall within capital goods, and no separate exclusion is drawn on those facts. The commentary states that, on this basis, confiscation of such imports would be unsustainable where no specific restriction applies. Case-Laws Customs Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329199