https://www.taxtmi.com/caselaws?id=354041 Industrial valves classified under ITC (HS) Code 8481 were held to fall within Serial No. 269 of Appendix 37D, Table 1 of the Foreign Trade Policy 2009-2014 because the entry used a broad four-digit classification and its plain text covered taps, cocks, valves and similar appliances. The court reasoned that, where the policy intended to restrict incentives to a narrower product, it used a more specific code; the trade notice could not narrow the entry to bicycle parts alone or override the policy text. The contemporaneous MEIS treatment of Code 8481 supported this reading, and the trade notice was therefore unsustainable. Industrial valves were entitled to Focus Product Scheme benefit. en-us Wed, 03 Jan 2018 00:00:00 +0530 Wed, 17 Jan 2018 12:01:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354041 Industrial valves classified under ITC (HS) Code 8481 were held to fall within Serial No. 269 of Appendix 37D, Table 1 of the Foreign Trade Policy 2009-2014 because the entry used a broad four-digit classification and its plain text covered taps, cocks, valves and similar appliances. The court reasoned that, where the policy intended to restrict incentives to a narrower product, it used a more specific code; the trade notice could not narrow the entry to bicycle parts alone or override the policy text. The contemporaneous MEIS treatment of Code 8481 supported this reading, and the trade notice was therefore unsustainable. Industrial valves were entitled to Focus Product Scheme benefit. Case-Laws Customs Wed, 03 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354041