https://www.taxtmi.com/caselaws?id=374023 Duty liability on capital goods in an export oriented unit on debonding had to be computed under the exemption notification in force at the relevant time, and the substituted regime required depreciation for machinery already put to use. Because commercial production had commenced years earlier, the capital goods could not be valued as unused warehoused goods and depreciation reduced the assessable value to nil over the relevant ten-year period. The demand and penalty were therefore unsustainable and the impugned order was set aside. en-us Thu, 17 Jan 2019 00:00:00 +0530 Fri, 21 Feb 2020 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374023 Duty liability on capital goods in an export oriented unit on debonding had to be computed under the exemption notification in force at the relevant time, and the substituted regime required depreciation for machinery already put to use. Because commercial production had commenced years earlier, the capital goods could not be valued as unused warehoused goods and depreciation reduced the assessable value to nil over the relevant ten-year period. The demand and penalty were therefore unsustainable and the impugned order was set aside. Case-Laws Customs Thu, 17 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374023