TMI Blog2014 (7) TMI 60X X X X Extracts X X X X X X X X Extracts X X X X ..... nt has imported old and used Buoyancy Tanks along with wire ropes, shackles chain blocks and hydraulic pumps. In fact, these imported goods are being used by the appellant for laying off-shore pipeline which means these goods are capital goods imported for rendering the service. As per para 2.17 of the Foreign Trade Policy 2004-09, the old and used goods can be imported freely without obtaining an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ic pumps for the purpose of laying off-shore pipeline at various projects sites. As these goods are being old and used and have been imported by the appellant without proper license, the adjudicating authority held that the appellant has violated the terms of para 2.17 of Foreign Trade Policy 2004-09 and accordingly, the goods were confiscated with an option to pay redemption fine and a penalty wa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lief. 5. On the other hand, the learned A.R. supported the impugned order and submits that the goods imported by the appellant were not capital goods and the goods can be imported only against specific licence which was not produced by them at the time of clearance. 6. Considered the submissions made by both the sides. 7. In this case, the appellant has imported old and used Buoyancy Tank ..... X X X X Extracts X X X X X X X X Extracts X X X X
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