https://www.taxtmi.com/caselaws?id=85461 The Tribunal held that depreciation should be allowed for the entire three-year period of ownership, including the idle period, at a reduced rate of 15%. The Collector's decision to restrict depreciation to the three months of actual use was deemed erroneous, and the wrong depreciation rate was applied. The appeal was allowed, modifying the initial order to grant 15% depreciation for the idle period of the imported machinery based on the specific circumstances and nature of the machinery involved. en-us Tue, 21 May 1996 00:00:00 +0530 Fri, 05 Aug 2011 11:41:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85461 The Tribunal held that depreciation should be allowed for the entire three-year period of ownership, including the idle period, at a reduced rate of 15%. The Collector's decision to restrict depreciation to the three months of actual use was deemed erroneous, and the wrong depreciation rate was applied. The appeal was allowed, modifying the initial order to grant 15% depreciation for the idle period of the imported machinery based on the specific circumstances and nature of the machinery involved. Case-Laws Customs Tue, 21 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85461