https://www.taxtmi.com/caselaws?id=32413 The Appellate Tribunal CESTAT, Bangalore, ruled in favor of the appellant in a duty demand case amounting to Rs. 9,58,320 for non-fulfillment of export obligations and conditions stipulated in export bonds. The Tribunal allowed depreciation on machinery from the expiry of the bonding period, considering the appellant's financial hardship and safety concerns that led them to leave Bangalore. The matter was remitted to the Original Authority to calculate depreciation with interest within four months, following principles of natural justice. en-us Fri, 25 Jul 2008 00:00:00 +0530 Sat, 14 Feb 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32413 The Appellate Tribunal CESTAT, Bangalore, ruled in favor of the appellant in a duty demand case amounting to Rs. 9,58,320 for non-fulfillment of export obligations and conditions stipulated in export bonds. The Tribunal allowed depreciation on machinery from the expiry of the bonding period, considering the appellant's financial hardship and safety concerns that led them to leave Bangalore. The matter was remitted to the Original Authority to calculate depreciation with interest within four months, following principles of natural justice. Case-Laws Customs Fri, 25 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32413