https://www.taxtmi.com/caselaws?id=192882 The court ruled in favor of the petitioner, setting aside the Collector's penalty order and directing the release of the imported hydraulic pumps as permissible items for import under the Import and Export Policy, classified as components for manufacturing excavators by Hindustan Motors Ltd. The judgment emphasized the distinction between components and spares under the Policy, favoring the beneficial construction of fiscal enactments and highlighting the pumps' intended use as components. en-us Mon, 10 Sep 1984 00:00:00 +0530 Wed, 28 Jun 2017 18:09:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192882 The court ruled in favor of the petitioner, setting aside the Collector's penalty order and directing the release of the imported hydraulic pumps as permissible items for import under the Import and Export Policy, classified as components for manufacturing excavators by Hindustan Motors Ltd. The judgment emphasized the distinction between components and spares under the Policy, favoring the beneficial construction of fiscal enactments and highlighting the pumps' intended use as components. Case-Laws Customs Mon, 10 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192882