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Customs - Highlights / Catch Notes

Home Highlights February 2024 Year 2024 This

Confiscation of the imported goods - used hand tools - "Capital ...

Case Laws     Customs

February 6, 2024

Confiscation of the imported goods - used hand tools - "Capital Goods" or not as per para-9.12 of Foreign Trade Policy - appellant did not have licence to import such goods - The Tribunal referred to the earlier decision in the Asia Power Projects Ltd. case and concluded that the definition of "capital goods" in para 9.12 of FTP did not specifically mention "hand tools," but it encompassed a wide range of equipment, including instruments - Consequently, the Tribunal held that the imported hand tools fell within the definition of "capital goods".

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