https://www.taxtmi.com/caselaws?id=373168 Used hand tools imported with machine tools were treated as capital goods under the Foreign Trade Policy because the definition in paragraph 9.12 was read functionally and inclusively to cover plant, machinery, equipment and accessories used directly or indirectly in manufacture or production. The absence of an express reference to hand tools, or their physical size, was not decisive. The policy's own provisions, including paragraphs 5.2 and 6.5.1, supported treating tools as capital goods, and prior decisions recognised tools as equipment. On that basis, such hand tools were not restricted for import under paragraph 2.17. en-us Fri, 04 Jan 2019 00:00:00 +0530 Wed, 04 Mar 2020 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373168 Used hand tools imported with machine tools were treated as capital goods under the Foreign Trade Policy because the definition in paragraph 9.12 was read functionally and inclusively to cover plant, machinery, equipment and accessories used directly or indirectly in manufacture or production. The absence of an express reference to hand tools, or their physical size, was not decisive. The policy's own provisions, including paragraphs 5.2 and 6.5.1, supported treating tools as capital goods, and prior decisions recognised tools as equipment. On that basis, such hand tools were not restricted for import under paragraph 2.17. Case-Laws Customs Fri, 04 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373168