2000 (4) TMI 254 - AT - Customs

Summary

The appeal considered whether ISO containers imported by the appellant are capital goods under Import and Export Policy 1992-97. One container was deemed an essential part of the ice maker and not an accessory, while the other container, providing additional storage, was considered an accessory and hence capital goods. The redemption fine was reduced from Rs. 1,20,000 to Rs. 60,000. Appeal allowed in part.