Works Rolls Classified as Capital Goods: Import Allowed Under Status Holder Incentive Scheme

Jindal Stainless Ltd. Vs Commissioner of Customs (Port) (CESTAT Kolkata) CESTAT Kolkata held that ‘Works Rolls’ are Capital Goods and not spare parts and hence eligible to be imported against full utilization of Status Holder Incentive Scheme [SHIS Scheme]. Accordingly, appeal of assessee allowed. Facts- The Appellant are manufacturers of stainless steel items such as slabs, hot rolled steel coil, cold rolled steel coil etc. falling under Chapter 84 of the Central Excise Tariff Act, 1985. Work Rolls are used in Rolling Mills in the factory of the Appellant to ensure movement and processing...