https://www.taxtmi.com/caselaws?id=371899 Goods procured by a 100% EOU under a valid CT-3 certificate and warehoused under Customs supervision were treated as eligible for the EOU exemption regime when they were put to use in export production. The Tribunal noted there was no finding of diversion or non-use, and that subsequent approval by the Development Commissioner reinforced the assessee's position. It applied the principle that duty on warehoused EOU goods cannot be demanded before debonding or removal from the bonded warehouse, and that the Cenvat Credit Rules definition of capital goods does not control the scope of an exemption notification intended for EOUs; the expression must be understood in common parlance. en-us Tue, 11 Dec 2018 00:00:00 +0530 Fri, 14 Dec 2018 07:19:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371899 Goods procured by a 100% EOU under a valid CT-3 certificate and warehoused under Customs supervision were treated as eligible for the EOU exemption regime when they were put to use in export production. The Tribunal noted there was no finding of diversion or non-use, and that subsequent approval by the Development Commissioner reinforced the assessee's position. It applied the principle that duty on warehoused EOU goods cannot be demanded before debonding or removal from the bonded warehouse, and that the Cenvat Credit Rules definition of capital goods does not control the scope of an exemption notification intended for EOUs; the expression must be understood in common parlance. Case-Laws Customs Tue, 11 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371899