https://www.taxtmi.com/caselaws?id=77694 On de-bonding of a STPI unit, duty liability was required to be computed under the depreciation method expressly prescribed in Notification No. 52/2003-Cus., which fixed depreciation at 20% per annum. The handbook procedure relied on by the assessee did not clearly establish that it displaced the notification or showed an overriding basis for depreciation. Because the importer had taken the benefit of the notification when importing the goods, the exit liability had to be determined in accordance with its terms. The specific notification therefore governed the duty computation, and the broader handbook procedure could not override it. en-us Mon, 07 Dec 2009 00:00:00 +0530 Mon, 04 Oct 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77694 On de-bonding of a STPI unit, duty liability was required to be computed under the depreciation method expressly prescribed in Notification No. 52/2003-Cus., which fixed depreciation at 20% per annum. The handbook procedure relied on by the assessee did not clearly establish that it displaced the notification or showed an overriding basis for depreciation. Because the importer had taken the benefit of the notification when importing the goods, the exit liability had to be determined in accordance with its terms. The specific notification therefore governed the duty computation, and the broader handbook procedure could not override it. Case-Laws Central Excise Mon, 07 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77694