https://www.taxtmi.com/caselaws?id=107457 Imported raw materials kept in a customs bonded warehouse were found to have deteriorated in value, and on those facts remission of duty under Section 23(1) of the Customs Act, 1962 was considered admissible for that portion. The claim relating to indigenous materials and goods manufactured in the EOU had been withdrawn, so no relief was available for that part of the dispute. The operative point is that duty remission depends on deterioration of the imported goods while under bonded storage, and the relief is confined to the goods actually covered by that statutory condition. en-us Tue, 21 Jan 2003 00:00:00 +0530 Thu, 22 Mar 2012 16:28:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107457 Imported raw materials kept in a customs bonded warehouse were found to have deteriorated in value, and on those facts remission of duty under Section 23(1) of the Customs Act, 1962 was considered admissible for that portion. The claim relating to indigenous materials and goods manufactured in the EOU had been withdrawn, so no relief was available for that part of the dispute. The operative point is that duty remission depends on deterioration of the imported goods while under bonded storage, and the relief is confined to the goods actually covered by that statutory condition. Case-Laws Customs Tue, 21 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107457