https://www.taxtmi.com/caselaws?id=361313 On debonding of a 100% Export Oriented Unit, duty on imported capital goods was recoverable at the applicable rate on the depreciated value, and payment on that basis was treated as proper; the Revenue's demand for full duty saved was rejected. Penalty was also not sustainable because proceedings had been closed by the Development Commissioner and no specific penalty provision was invoked on the facts. The impugned order was set aside and consequential relief followed. en-us Tue, 20 Mar 2018 00:00:00 +0530 Tue, 05 Jun 2018 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361313 On debonding of a 100% Export Oriented Unit, duty on imported capital goods was recoverable at the applicable rate on the depreciated value, and payment on that basis was treated as proper; the Revenue's demand for full duty saved was rejected. Penalty was also not sustainable because proceedings had been closed by the Development Commissioner and no specific penalty provision was invoked on the facts. The impugned order was set aside and consequential relief followed. Case-Laws Customs Tue, 20 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361313