https://www.taxtmi.com/caselaws?id=45766 Imported motor-cycle parts covered by a valid licence for parts and accessories had to be assessed by reference to the licence actually held, not by recharacterising the goods as completely knocked down motor cycles on an assumed intention to assemble complete vehicles. The note states that, on the record before the Collector, the consignments lacked tyres, tubes and saddles and could not be treated as a prohibited CKD import. Because the customs authorities adopted the wrong approach in ignoring the licence coverage and proceeding on an erroneous assumption, the confiscation and penalty orders were set aside. en-us Wed, 17 Aug 1960 00:00:00 +0530 Tue, 13 Jul 2010 16:34:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45766 Imported motor-cycle parts covered by a valid licence for parts and accessories had to be assessed by reference to the licence actually held, not by recharacterising the goods as completely knocked down motor cycles on an assumed intention to assemble complete vehicles. The note states that, on the record before the Collector, the consignments lacked tyres, tubes and saddles and could not be treated as a prohibited CKD import. Because the customs authorities adopted the wrong approach in ignoring the licence coverage and proceeding on an erroneous assumption, the confiscation and penalty orders were set aside. Case-Laws Customs Wed, 17 Aug 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45766