https://www.taxtmi.com/caselaws?id=95444 For debonding of a 100% Export Oriented Unit, depreciation was to be computed from the date the capital goods were put into the manufacturing process, not from the later date claimed by the Revenue. The notification linked depreciation to the start of commercial production, while the Board's circular clarified that the relevant date is when capital goods enter the manufacturing process in the EOU. On the facts noted in the statutory records, production had commenced on 29-3-1996, and the quantity produced was not treated as determinative. The circular was applied in favour of the assessee. en-us Thu, 25 Jan 2001 00:00:00 +0530 Mon, 12 Dec 2011 14:40:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95444 For debonding of a 100% Export Oriented Unit, depreciation was to be computed from the date the capital goods were put into the manufacturing process, not from the later date claimed by the Revenue. The notification linked depreciation to the start of commercial production, while the Board's circular clarified that the relevant date is when capital goods enter the manufacturing process in the EOU. On the facts noted in the statutory records, production had commenced on 29-3-1996, and the quantity produced was not treated as determinative. The circular was applied in favour of the assessee. Case-Laws Central Excise Thu, 25 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95444