2003 (11) TMI 501

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..... rder per : Jyoti Balasundaram, Member (J)]. The issue in dispute is whether Second-hand Reconditioned Radial Piston Pump imported in April 1996 by the appellants herein who are engaged in the manufacture of extrusion press etc., is capital goods in terms of Para 25 of the Export Import Policy April, 1992 to March, 1997. The authorities below have held that the goods in question are not capit .....

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..... omponents in the plant manufacturing further goods. Since the goods involved in the present case are required for the manufacture of extrusion press (final products of the appellants) they are to be considered as capital goods, in the light of the ratio of the Tribunal s decision cited supra. Following the same we hold that no licence was required for the import of these goods, set aside the confi .....

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