https://www.taxtmi.com/caselaws?id=365831 In a de-bonding EOU context, depreciation on capital goods must be allowed until customs duty is actually discharged, because the duty demand cannot be sustained before payment where the goods were used during the relevant period. The Tribunal relied on the applicable Board circular and earlier decisions to hold that depreciation continues up to the date of duty payment, so the demand on capital goods was not sustainable. On the Revenue side, the appeal failed because the papers did not specify the exact duty sought on inputs and no separate liability survived on the capital goods issue after relief was granted to the assessee. en-us Thu, 02 Aug 2018 00:00:00 +0530 Fri, 24 Aug 2018 02:13:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365831 In a de-bonding EOU context, depreciation on capital goods must be allowed until customs duty is actually discharged, because the duty demand cannot be sustained before payment where the goods were used during the relevant period. The Tribunal relied on the applicable Board circular and earlier decisions to hold that depreciation continues up to the date of duty payment, so the demand on capital goods was not sustainable. On the Revenue side, the appeal failed because the papers did not specify the exact duty sought on inputs and no separate liability survived on the capital goods issue after relief was granted to the assessee. Case-Laws Customs Thu, 02 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365831