https://www.taxtmi.com/caselaws?id=85763 A customs exemption notification granting depreciated valuation for capital goods transferred from a Free Trade Zone to the Domestic Tariff Area required strict compliance with the specified permission conditions. The text states that permission from the licensing authority under the Import-Export Policy was not enough for the concession; Board permission for withdrawal or disposal was also necessary, so the depreciated valuation benefit was unavailable. On limitation, the appeal period was counted from communication of the impugned order, and the filing was treated as within three months, so the limitation objection failed. The stated ratio is that exemption conditions must be strictly satisfied before concessional valuation applies. en-us Wed, 04 Sep 1996 00:00:00 +0530 Mon, 08 Aug 2011 10:57:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85763 A customs exemption notification granting depreciated valuation for capital goods transferred from a Free Trade Zone to the Domestic Tariff Area required strict compliance with the specified permission conditions. The text states that permission from the licensing authority under the Import-Export Policy was not enough for the concession; Board permission for withdrawal or disposal was also necessary, so the depreciated valuation benefit was unavailable. On limitation, the appeal period was counted from communication of the impugned order, and the filing was treated as within three months, so the limitation objection failed. The stated ratio is that exemption conditions must be strictly satisfied before concessional valuation applies. Case-Laws Customs Wed, 04 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85763