https://www.taxtmi.com/caselaws?id=47110 The Court held that the Private Limited Company was entitled to duty exemption on the replacement part imported for a defective machine, despite the Assistant Collector's denial based on the notification's interpretation. The Court clarified that the exemption applied to both individuals and companies, emphasizing the inclusive definition of "person" under the law. The decision favored the petitioners, allowing them to benefit from the exemption and directing the discharge of the bank guarantee provided for the consignment clearance, with no costs awarded in the case. en-us Wed, 09 Mar 1994 00:00:00 +0530 Tue, 27 Jul 2010 10:41:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47110 The Court held that the Private Limited Company was entitled to duty exemption on the replacement part imported for a defective machine, despite the Assistant Collector's denial based on the notification's interpretation. The Court clarified that the exemption applied to both individuals and companies, emphasizing the inclusive definition of "person" under the law. The decision favored the petitioners, allowing them to benefit from the exemption and directing the discharge of the bank guarantee provided for the consignment clearance, with no costs awarded in the case. Case-Laws Customs Wed, 09 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47110