Any Goods Which Fall under Category of Equipments Apparatus are Freely Importable as Per FTP: CESTAT sets aside Confiscation of Goods [Read Order]

The Tribunal held that the order directing for confiscation of the goods and imposition of redemption fine and penalties cannot be sustained.

By Yogitha S. Yogesh - On March 9, 2024 9:02 pm - 2 mins read

Goods - Equipments - Category of Equipments Apparatus - FTP - CESTAT - taxscan

The Customs, Excise And Service Tax Appellate (CESTAT) of the Chennai bench while setting aside the Confiscation of Goods ruled that any goods which fall under the category of equipment apparatus are freely importable as per Foreign Trade Policy (FTP). M/s.PS Bedi & Co Pvt. Ltd, the appellant imported used and new hand tools of…

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