Capital Goods Import Under SHIS Scheme Qualifies for Duty Exemption via Notification No.104/09-Cus, Consistent with FTP Definitions.

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....Import of capital goods under SHIS scheme - Supply of equipment for continuous annealing line for cold rolling mill – Definition of "capital goods" given in FTP are same for EPCG licence or for SHIS Licence – Notification No.104/09-Cus. clearly allows exemption of capital goods imported into India against Duty Credit Scrip issued under SHIS Scheme thus respondents are eligible for benefit - AT....