https://www.taxtmi.com/caselaws?id=46461 Assembly of imported and indigenous components into ultrasound scanners was treated as manufacture because the process created a new product with a distinct commercial identity; "substantial manufacturing" did not require the importer to manufacture a substantial part of the components itself. An alleged misstatement in the licence application about the extent and value of indigenous components did not defeat exemption where the application required only an estimate, the licensing authority did not cancel the licence, and the customs authorities could not rely on an unacted-upon allegation of misrepresentation to deny the benefit. en-us Tue, 12 Nov 2002 00:00:00 +0530 Wed, 05 Aug 2026 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46461 Assembly of imported and indigenous components into ultrasound scanners was treated as manufacture because the process created a new product with a distinct commercial identity; "substantial manufacturing" did not require the importer to manufacture a substantial part of the components itself. An alleged misstatement in the licence application about the extent and value of indigenous components did not defeat exemption where the application required only an estimate, the licensing authority did not cancel the licence, and the customs authorities could not rely on an unacted-upon allegation of misrepresentation to deny the benefit. Case-Laws Customs Tue, 12 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46461