https://www.taxtmi.com/caselaws?id=444609 The Court partially allowed the appeal, modifying the impugned order to calculate the duty and interest based on the export commitments fulfilled by the respondent - assessee, amounting to Rs. 3,89,87,054/-. The respondent had initially availed a 100% exemption from customs duty for importing capital goods but failed to meet the export obligations, resulting in a reassessment of the duty and interest owed. The Court directed that the depreciated value of capital goods be considered in determining the liability. All pending applications were disposed of in the judgment. en-us Wed, 04 Oct 2023 00:00:00 +0530 Sat, 03 Feb 2024 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444609 The Court partially allowed the appeal, modifying the impugned order to calculate the duty and interest based on the export commitments fulfilled by the respondent - assessee, amounting to Rs. 3,89,87,054/-. The respondent had initially availed a 100% exemption from customs duty for importing capital goods but failed to meet the export obligations, resulting in a reassessment of the duty and interest owed. The Court directed that the depreciated value of capital goods be considered in determining the liability. All pending applications were disposed of in the judgment. Case-Laws Customs Wed, 04 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444609