https://www.taxtmi.com/caselaws?id=78312 The tribunal condoned the delay in filing the appeal and waived the pre-deposit requirement with the consent of both parties. It ruled that duty should be paid only on the depreciated value of capital goods at a rate of 2.5% per quarter, ordering a re-calculation of the duty amount payable. The judgment emphasized the importance of filing a refund claim, stating that failure to do so may result in the appellants not being entitled to any refund if the payment already made exceeds the re-calculated amount. en-us Thu, 15 Apr 2010 00:00:00 +0530 Sat, 13 Nov 2010 13:39:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78312 The tribunal condoned the delay in filing the appeal and waived the pre-deposit requirement with the consent of both parties. It ruled that duty should be paid only on the depreciated value of capital goods at a rate of 2.5% per quarter, ordering a re-calculation of the duty amount payable. The judgment emphasized the importance of filing a refund claim, stating that failure to do so may result in the appellants not being entitled to any refund if the payment already made exceeds the re-calculated amount. Case-Laws Central Excise Thu, 15 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78312