https://www.taxtmi.com/caselaws?id=119174 The Tribunal upheld the lower appellate authority's decision, rejecting the Revenue's appeal on the grounds of unjust enrichment in customs duty. Importers, who are 100% Export-Oriented Units and have claimed depreciation for Income Tax purposes, were found not to have passed on the duty burden to customers. The Chartered Accountant certified that the depreciation amount was not returned, indicating no indirect recovery of the duty cost. The Tribunal emphasized that claiming depreciation under the Income Tax Act does not establish passing on the duty burden, ultimately dismissing the Revenue's appeal. en-us Thu, 04 May 2006 00:00:00 +0530 Mon, 09 Jul 2012 14:26:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119174 The Tribunal upheld the lower appellate authority's decision, rejecting the Revenue's appeal on the grounds of unjust enrichment in customs duty. Importers, who are 100% Export-Oriented Units and have claimed depreciation for Income Tax purposes, were found not to have passed on the duty burden to customers. The Chartered Accountant certified that the depreciation amount was not returned, indicating no indirect recovery of the duty cost. The Tribunal emphasized that claiming depreciation under the Income Tax Act does not establish passing on the duty burden, ultimately dismissing the Revenue's appeal. Case-Laws Customs Thu, 04 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119174