https://www.taxtmi.com/caselaws?id=1152 The Tribunal upheld the duty liability on imported capital goods for a unit failing to meet value addition and export obligations despite availing exemption. The importer's claim for exemption was rejected as conditions were not met, and duty payment was upheld. The Tribunal also upheld the decision to set aside interest levy on importers, following a precedent. Depreciation on capital goods was allowed until the date of duty payment, not just until the de-bonding application date as argued by the Revenue. Appeals were disposed of on 17-10-2006. en-us Tue, 17 Oct 2006 00:00:00 +0530 Mon, 14 Apr 2008 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1152 The Tribunal upheld the duty liability on imported capital goods for a unit failing to meet value addition and export obligations despite availing exemption. The importer's claim for exemption was rejected as conditions were not met, and duty payment was upheld. The Tribunal also upheld the decision to set aside interest levy on importers, following a precedent. Depreciation on capital goods was allowed until the date of duty payment, not just until the de-bonding application date as argued by the Revenue. Appeals were disposed of on 17-10-2006. Case-Laws Customs Tue, 17 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1152