https://www.taxtmi.com/caselaws?id=54254 Depreciation under an exemption-based duty regime was held allowable up to the date duty is actually paid, not merely up to the date of debonding, so duty had to be recomputed on that basis. Where export obligations were not fulfilled because of circumstances beyond the assessee's control and without mala fides, confiscation, redemption fine and penalty were found unwarranted and were set aside. The matter was remanded only for recomputation of duty after allowing depreciation up to the payment date. en-us Fri, 06 May 2005 00:00:00 +0530 Mon, 13 May 2024 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54254 Depreciation under an exemption-based duty regime was held allowable up to the date duty is actually paid, not merely up to the date of debonding, so duty had to be recomputed on that basis. Where export obligations were not fulfilled because of circumstances beyond the assessee's control and without mala fides, confiscation, redemption fine and penalty were found unwarranted and were set aside. The matter was remanded only for recomputation of duty after allowing depreciation up to the payment date. Case-Laws Customs Fri, 06 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54254