https://www.taxtmi.com/caselaws?id=52889 Second-hand diagnostic and testing instruments were treated as capital goods under the Exim Policy because they were used for testing and diagnosis of diseases, and the policy's inclusive definition of "services" was read broadly rather than restrictively. The view that capital goods must also be useful for research and development was rejected, so no additional research-linked condition was imposed. On that basis, the instruments were regarded as freely importable capital goods rather than restricted second-hand goods requiring a licence, and the stated consequence was that confiscation and penalty under the Customs Act were not attracted. en-us Tue, 18 May 2004 00:00:00 +0530 Fri, 08 Oct 2010 12:40:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52889 Second-hand diagnostic and testing instruments were treated as capital goods under the Exim Policy because they were used for testing and diagnosis of diseases, and the policy's inclusive definition of "services" was read broadly rather than restrictively. The view that capital goods must also be useful for research and development was rejected, so no additional research-linked condition was imposed. On that basis, the instruments were regarded as freely importable capital goods rather than restricted second-hand goods requiring a licence, and the stated consequence was that confiscation and penalty under the Customs Act were not attracted. Case-Laws Customs Tue, 18 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52889