CESTAT Chennai sets aside confiscation of hand tools, deeming them capital goods under FTP

PS Bedi & Co Pvt. Ltd. Vs Commissioner of Customs (CESTAT Chennai) Introduction: In the case of PS Bedi & Co Pvt. Ltd. vs. Commissioner of Customs, the dispute revolves around the classification of imported hand tools. The Customs Department confiscated the goods, alleging they didn’t qualify as capital goods under Foreign Trade Policy (FTP). However, the appellant contested this decision, arguing that hand tools fall under the category of equipment and apparatus. This article delves into the details of the case and the tribunal’s ruling. Detailed Analysis: PS Bedi & Co...