https://www.taxtmi.com/caselaws?id=236359 EOU exemption notifications were held strictly conditional on fulfilment of export obligation and value addition norms, so non-compliance defeated exemption for imported and indigenous raw materials and consumables used in manufacture for export. On debonding, duty for used capital goods was to be worked on the rate in force on the deemed debonding date, with depreciation capped at 90% under the prescribed circular; the demand on unused raw materials and consumables at the debonding-date rate was sustained. Breach of the notification conditions also rendered the imported and indigenous goods liable to confiscation and penalty. The appeal succeeded only to the limited extent of correcting the rate applied to used capital goods. en-us Tue, 03 May 2011 00:00:00 +0530 Sat, 24 Aug 2013 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236359 EOU exemption notifications were held strictly conditional on fulfilment of export obligation and value addition norms, so non-compliance defeated exemption for imported and indigenous raw materials and consumables used in manufacture for export. On debonding, duty for used capital goods was to be worked on the rate in force on the deemed debonding date, with depreciation capped at 90% under the prescribed circular; the demand on unused raw materials and consumables at the debonding-date rate was sustained. Breach of the notification conditions also rendered the imported and indigenous goods liable to confiscation and penalty. The appeal succeeded only to the limited extent of correcting the rate applied to used capital goods. Case-Laws Customs Tue, 03 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236359