https://www.taxtmi.com/caselaws?id=345282 An EOU exiting under the EPCG scheme cannot clear indigenous capital goods at concessional duty without a specific exemption notification; the applicable FTP and exemption framework did not support the claim, and revenue neutrality did not defeat the duty demand. Depreciation at debonding was to be computed with reference to the debonding date under the prescribed notification regime, and fire control systems and water storage tanks were treated as capital goods for that purpose. Imported spare parts were covered by the EPCG authorisation, and penalty was not exigible because no breach of the Central Excise Rules was established. en-us Tue, 06 Jun 2017 00:00:00 +0530 Sat, 30 Dec 2017 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345282 An EOU exiting under the EPCG scheme cannot clear indigenous capital goods at concessional duty without a specific exemption notification; the applicable FTP and exemption framework did not support the claim, and revenue neutrality did not defeat the duty demand. Depreciation at debonding was to be computed with reference to the debonding date under the prescribed notification regime, and fire control systems and water storage tanks were treated as capital goods for that purpose. Imported spare parts were covered by the EPCG authorisation, and penalty was not exigible because no breach of the Central Excise Rules was established. Case-Laws Central Excise Tue, 06 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345282