https://www.taxtmi.com/caselaws?id=218502 On debonding of a 100% EOU that had completed export obligation and achieved positive NFE, duty is confined to unutilised stock on hand and depreciated capital goods; duty cannot be demanded on raw materials and consumables already consumed in manufacture of exported goods. Where the notification conditions were in fact satisfied, the alleged foundational breach does not survive, so confiscation and penalties under the Customs and Central Excise regimes cannot be sustained. The matter is therefore limited to re-quantification of duty on the permissible basis, with no penalty surviving on the facts stated. en-us Tue, 29 Nov 2011 00:00:00 +0530 Sat, 17 Nov 2012 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218502 On debonding of a 100% EOU that had completed export obligation and achieved positive NFE, duty is confined to unutilised stock on hand and depreciated capital goods; duty cannot be demanded on raw materials and consumables already consumed in manufacture of exported goods. Where the notification conditions were in fact satisfied, the alleged foundational breach does not survive, so confiscation and penalties under the Customs and Central Excise regimes cannot be sustained. The matter is therefore limited to re-quantification of duty on the permissible basis, with no penalty surviving on the facts stated. Case-Laws Customs Tue, 29 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218502