EOU's Debonding Issues: No Duty Evasion Intent Found, Penalties and Confiscation Demands Deemed Unwarranted.

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Full Text of the Document

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....100% EOU - debonding obligation - not achieving value addition - Once the element of intention to evade duty is absent and as a matter of fact there is no such allegation in the SCN, demand of duty, confiscation of capital goods and imposition of penalty ought not to have been fastened on the respondent. - HC....