The bench observed that the goods in question are capital goods and are not mere spare parts, and thus the assessee is eligible to claim for full utilization of SHIS Scrip
The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) held that work rolls imported by the assessee qualify as capital goods and are eligible for full utilisation of Status Holder Incentive Scheme (SHIS) scrips for import purposes. In this case, the appellant, Jindal Stainless Ltd, is involved in manufacturing stainless steel…
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