https://www.taxtmi.com/caselaws?id=368042 The Tribunal held that the appellants, a 100% Export Oriented Unit, were not liable to pay customs duty on capital goods due to non-fulfillment of export obligations as per relevant notifications. Depreciation on capital goods was allowed up to 100%, reducing duty liability to nil. The demand for duty on raw materials and finished goods was deemed unsustainable. Confiscation of goods and imposition of penalties were not upheld. The matter was remanded for recalculating duty on raw materials. The appeals were allowed based on previous judgments and the order followed the decision of Hindustan Agrigenetics Ltd., affirmed by the High Court of Andhra Pradesh. en-us Tue, 07 Aug 2018 00:00:00 +0530 Mon, 01 Oct 2018 08:40:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368042 The Tribunal held that the appellants, a 100% Export Oriented Unit, were not liable to pay customs duty on capital goods due to non-fulfillment of export obligations as per relevant notifications. Depreciation on capital goods was allowed up to 100%, reducing duty liability to nil. The demand for duty on raw materials and finished goods was deemed unsustainable. Confiscation of goods and imposition of penalties were not upheld. The matter was remanded for recalculating duty on raw materials. The appeals were allowed based on previous judgments and the order followed the decision of Hindustan Agrigenetics Ltd., affirmed by the High Court of Andhra Pradesh. Case-Laws Central Excise Tue, 07 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368042