https://www.taxtmi.com/caselaws?id=356083 Imported second-hand ballast wagon spare parts fitted to a crane were treated as an accessory or attachment because they enhanced the crane's capacity and effectiveness without altering its basic function. On that basis, the item also qualified as capital goods under the Foreign Trade Policy 2004-09, as equipment or accessories used for service rendering and for modernisation or technological upgradation. The import was therefore considered permissible under the policy, and the confiscation and penalty order was unsustainable. en-us Thu, 04 Jan 2018 00:00:00 +0530 Sat, 24 Feb 2018 08:22:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356083 Imported second-hand ballast wagon spare parts fitted to a crane were treated as an accessory or attachment because they enhanced the crane's capacity and effectiveness without altering its basic function. On that basis, the item also qualified as capital goods under the Foreign Trade Policy 2004-09, as equipment or accessories used for service rendering and for modernisation or technological upgradation. The import was therefore considered permissible under the policy, and the confiscation and penalty order was unsustainable. Case-Laws Customs Thu, 04 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356083