https://www.taxtmi.com/caselaws?id=122676 The judgment upheld the Commissioner (Appeals) decision to reduce the confirmed demand and penalty imposed on the Respondent regarding duty liability on capital goods. It emphasized the depreciated value of the goods and interpreted "as such" in the context of capital goods, citing the Madura Coats Pvt. Ltd. case. The court dismissed the Revenue's appeal, stating that no grounds existed to enhance the duty amount, as the Commissioner's decision was based on a valid Circular. The judgment clarified the legal principles and precedents, affirming the dismissal of the Revenue's appeal. en-us Fri, 20 Jul 2007 00:00:00 +0530 Thu, 26 Oct 2017 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122676 The judgment upheld the Commissioner (Appeals) decision to reduce the confirmed demand and penalty imposed on the Respondent regarding duty liability on capital goods. It emphasized the depreciated value of the goods and interpreted "as such" in the context of capital goods, citing the Madura Coats Pvt. Ltd. case. The court dismissed the Revenue's appeal, stating that no grounds existed to enhance the duty amount, as the Commissioner's decision was based on a valid Circular. The judgment clarified the legal principles and precedents, affirming the dismissal of the Revenue's appeal. Case-Laws Central Excise Fri, 20 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122676