https://www.taxtmi.com/caselaws?id=250095 Depreciation is allowable on duty-free capital goods imported by an EOU on debonding even where export obligation has been only partly discharged, because the governing notification contains no express bar on depreciation in that situation. The quantum of depreciation must then be computed under the Board circular prescribing 20% per annum for computers and computer peripherals and 10% per annum for other capital goods. The order was set aside for fresh computation and the duty recoverable was directed to be recomputed accordingly. en-us Tue, 15 Jul 2014 00:00:00 +0530 Mon, 12 Jan 2015 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250095 Depreciation is allowable on duty-free capital goods imported by an EOU on debonding even where export obligation has been only partly discharged, because the governing notification contains no express bar on depreciation in that situation. The quantum of depreciation must then be computed under the Board circular prescribing 20% per annum for computers and computer peripherals and 10% per annum for other capital goods. The order was set aside for fresh computation and the duty recoverable was directed to be recomputed accordingly. Case-Laws Customs Tue, 15 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250095