EOU Faces Duty Liability Issues Due to Incomplete Warehousing and Export Obligations Under Notification No. 52/2003-Cus.

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Full Text of the Document

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....100% EOU - warehousing of goods - completion of warehousing period - failure to fulfill export obligation - the duty liability, if any, should be with reference to N/N. 52/2003-Cus. - The depreciation over the entire tenor would result in ‘nil’ value for the purpose of assessment.....