https://www.taxtmi.com/caselaws?id=367651 The Tribunal allowed the appeal, setting aside the confirmation of duty demand and imposition of penalties under sections 112(b)(ii) and 117 of the Customs Act, 1962. It determined that the appellant, a 100% export-oriented unit, was eligible for full depreciation on capital goods, erasing duty liability over time due to non-compliance with export obligations. The Tribunal clarified that depreciation should be allowed up to 100% until the date of duty payment, allowing full depreciation exceeding ten years. The appellant was entitled to recover proportionate duty, and the impugned order was overturned in favor of the appellant. en-us Wed, 16 May 2018 00:00:00 +0530 Mon, 24 Sep 2018 08:21:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367651 The Tribunal allowed the appeal, setting aside the confirmation of duty demand and imposition of penalties under sections 112(b)(ii) and 117 of the Customs Act, 1962. It determined that the appellant, a 100% export-oriented unit, was eligible for full depreciation on capital goods, erasing duty liability over time due to non-compliance with export obligations. The Tribunal clarified that depreciation should be allowed up to 100% until the date of duty payment, allowing full depreciation exceeding ten years. The appellant was entitled to recover proportionate duty, and the impugned order was overturned in favor of the appellant. Case-Laws Customs Wed, 16 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367651