https://www.taxtmi.com/caselaws?id=255832 The Tribunal held that spare parts used to replace old machinery parts became part of the machinery, not increasing its value. Therefore, customs duty was not applicable on the spare parts during debonding. The duty payable was based on raw materials and depreciated capital goods' value. The Tribunal found the appellant not guilty of suppressing information and deemed the extended limitation period unjustified. The order demanding customs duty, interest, and penalty was set aside, and the appeal was allowed. en-us Wed, 10 Sep 2014 00:00:00 +0530 Tue, 12 May 2015 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255832 The Tribunal held that spare parts used to replace old machinery parts became part of the machinery, not increasing its value. Therefore, customs duty was not applicable on the spare parts during debonding. The duty payable was based on raw materials and depreciated capital goods' value. The Tribunal found the appellant not guilty of suppressing information and deemed the extended limitation period unjustified. The order demanding customs duty, interest, and penalty was set aside, and the appeal was allowed. Case-Laws Customs Wed, 10 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255832