https://www.taxtmi.com/caselaws?id=115055 The Tribunal upheld the decision of the Commissioner (Appeals) in a case involving a 100% EOU importing capital goods. The Revenue disputed the declared value of 85000 pounds, claiming it was 147650 pounds, leading to a discrepancy in depreciation allowance. Despite the Revenue's assertion of the higher value, the Tribunal found no evidence supporting this, and thus upheld the depreciation based on the declared value. The appeal was dismissed due to the lack of substantiating evidence, affirming the Commissioner's decision and considering the declared value as the transaction value. en-us Wed, 11 Aug 2004 00:00:00 +0530 Wed, 23 May 2012 14:27:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115055 The Tribunal upheld the decision of the Commissioner (Appeals) in a case involving a 100% EOU importing capital goods. The Revenue disputed the declared value of 85000 pounds, claiming it was 147650 pounds, leading to a discrepancy in depreciation allowance. Despite the Revenue's assertion of the higher value, the Tribunal found no evidence supporting this, and thus upheld the depreciation based on the declared value. The appeal was dismissed due to the lack of substantiating evidence, affirming the Commissioner's decision and considering the declared value as the transaction value. Case-Laws Customs Wed, 11 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115055