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2008 (5) TMI 92 - AT - CustomsAutomatic Teller Machines (ATM) – Not. No. 25/2005 exempts parts intended for manufacture of ATMs from customs duty – model which has no cash/cheque depositing facility, cannot be recognized as an ATM – machines which not only dispense cash but also perform depositing cash/cheques can be recognized as ATM – further physical verification done by bank personnel is not relevant for considering any machine as ATM - hence parts imported for machines which are ATM, are only eligible for exemption
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