https://www.taxtmi.com/highlights?id=92486 CESTAT held that the impugned Commissioner (Appeals) order permitting depreciation on capital goods only until the date of payment of duty, instead of until the date of de-bonding/cessation of 100% EOU status, was unlawful. The Tribunal interpreted the notifications as permitting calculation of customs duty on depreciated value with reference to exchange rate at bill of entry and duty rate prevailing when the undertaking ceases to be an EOU, and that the specific provision allowing depreciation until payment applies only where clearance is authorized under Development Commissioner permission in normal debonding. The Commissioner (Appeals) order is set aside; the appeal is allowed and remanded to the adjudicating authority solely for recalculation of duty accordingly. en-us Sat, 13 Sep 2025 08:47:17 +0530 Sat, 13 Sep 2025 08:47:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=92486 CESTAT held that the impugned Commissioner (Appeals) order permitting depreciation on capital goods only until the date of payment of duty, instead of until the date of de-bonding/cessation of 100% EOU status, was unlawful. The Tribunal interpreted the notifications as permitting calculation of customs duty on depreciated value with reference to exchange rate at bill of entry and duty rate prevailing when the undertaking ceases to be an EOU, and that the specific provision allowing depreciation until payment applies only where clearance is authorized under Development Commissioner permission in normal debonding. The Commissioner (Appeals) order is set aside; the appeal is allowed and remanded to the adjudicating authority solely for recalculation of duty accordingly. Highlights Customs Sat, 13 Sep 2025 08:47:17 +0530 https://www.taxtmi.com/highlights?id=92486