High Court Rules Custom Duty on Plant Machinery as Revenue Expenditure for EOU to DTA Conversion Under EPCG Scheme.

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....Custom duty paid on purchase of plant and machinery - capital or revenue expenditure - assessee has converted its unit from 100% EOU under EPCG Scheme to DTA Unit and would sell goods in domestic market so this amount was paid for the more profitable business - allowed as revenue expenditure - HC....