1993 (10) TMI 174
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.... imported by the petitioner unless the petitioner produced a licence. According to the petitioner Uninked Tape imported by the petitioner was utilisable as raw material for manufacturing of Ribbon Cartridges for printers/typewriters. It is submitted that the goods in question were freely importable by reason of paragraph 22 of Chapter V of the Export and Import Policy of 1992-97. 2. The respond....
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....pon a licence for clearance of the Uninked Tape imported by the petitioner is unjustified. I say so for the following reasons :- (1) Under paragraph 22 Chapter V of the Export and Import Policy, 1992-97 all raw materials are freely importable except to the extent such imports are regulated by the Negative List. In other words there is a general freedom of import with restrictions carved out of ....
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....finition of consumer goods has been given in Chapter III paragraph 7(12) and reads as follows :- " 'Consumer Goods' means any consumption goods which can directly satisfy human needs without further processing and include consumer durables and accessories, components, parts and spares of such consumer durables." So far as the imported goods are concerned there is no dispute that the goods re....
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.... been referred to the DGFT speaks of "Clarification for the import of 'compatible rolls (nylon and polyester strip of woven fabric) sized 1", 1½, 2"". The items appears to be finished product and not raw material as is the case so far as the petitioner is concerned. Therefore, the clarification that the compatible rolls were importable only against a specific import licence would not apply ....
TaxTMI