https://www.taxtmi.com/caselaws?id=426421 Refractory bricks and similar materials imported for furnace re-lining and maintenance were treated as eligible under the EPCG scheme, because the FTP definition of "capital goods" was read broadly to include plant, machinery, equipment and accessories used directly or indirectly in manufacture, and the reference to "refractories for initial lining" did not exclude replacement or re-lining materials. The Tribunal also held that the imports could qualify as permissible spares within the notification framework. On limitation, a customs demand had to comply with section 28 of the Customs Act, 1962, and could not rely on the notification mechanism to bypass the statutory time limit; in the absence of proved suppression or wilful misstatement, the demand was time-barred and confiscation, redemption fine, and penalty could not stand. en-us Wed, 10 Aug 2022 00:00:00 +0530 Wed, 17 Aug 2022 08:08:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426421 Refractory bricks and similar materials imported for furnace re-lining and maintenance were treated as eligible under the EPCG scheme, because the FTP definition of "capital goods" was read broadly to include plant, machinery, equipment and accessories used directly or indirectly in manufacture, and the reference to "refractories for initial lining" did not exclude replacement or re-lining materials. The Tribunal also held that the imports could qualify as permissible spares within the notification framework. On limitation, a customs demand had to comply with section 28 of the Customs Act, 1962, and could not rely on the notification mechanism to bypass the statutory time limit; in the absence of proved suppression or wilful misstatement, the demand was time-barred and confiscation, redemption fine, and penalty could not stand. Case-Laws Customs Wed, 10 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426421