2000 (11) TMI 361

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..... 7 and 48 of the Import Policy AM 1985-88 permitted NRI, persons of Indian Origin coming to India for permanent settlement to import certain machinery provided the importer was to come and settle in India within two years of the grant of such licence. In this case, certain machines were imported by one M.M. Patel. These machines subsequent to their importation were sold. Shri M.M. Patel continued t .....

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