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2015 (10) TMI 2392 - AT - CustomsImport of capital goods under SHIS scheme - Supply of equipment for continuous annealing line for cold rolling mill – Claimed clearance under Status Holder Incentive Scheme (SHIS) scheme vide Customs Notification No. 104/2009 – Revenue contended that goods are not capital goods thus not liable for exemption. Held That:- 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 – Decided in favour of the assessee.
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