https://www.taxtmi.com/caselaws?id=265820 The Tribunal upheld the duty liability of the assessee for imported textile machinery purchased under a Hire Purchase Agreement, rejecting arguments for liability transfer to the financier or subsequent purchaser. The Commissioner's decision to allow depreciation on duty demand was affirmed, leading to the dismissal of both Revenue's and assessee's appeals on 24.8.2015. The Tribunal's comprehensive ruling settled issues of liability, ownership, and depreciation, concluding the case decisively. en-us Mon, 24 Aug 2015 00:00:00 +0530 Thu, 07 Jan 2016 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265820 The Tribunal upheld the duty liability of the assessee for imported textile machinery purchased under a Hire Purchase Agreement, rejecting arguments for liability transfer to the financier or subsequent purchaser. The Commissioner's decision to allow depreciation on duty demand was affirmed, leading to the dismissal of both Revenue's and assessee's appeals on 24.8.2015. The Tribunal's comprehensive ruling settled issues of liability, ownership, and depreciation, concluding the case decisively. Case-Laws Customs Mon, 24 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265820