2008 (7) TMI 254

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....dy, JDR, for the Respondent. [Order per S.L. Peeran, Member (J)]. - By the impugned order the Commissioner has confirmed duty demand of Rs. 9,58,320/- for not performing the export obligation and for non-fulfilment of conditions stipulated in various conditions of export bonds executed by the appellant. The appellant's contention is that they have partly complied with the terms of the export or....

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....& Exports Ltd. v. CC, Guntur - 2005 (190) E.L.T.284 (Tri.-Bang.) (d) Bluegold Maritech (International) Ltd. v. CC, Guntur - 2007 (207) E.L.T.397 (Tri.-Bang.). 2. The learned Counsel submits that the machineries are not required to be examined for the purpose of working out the depreciation of the machinery. She submits that the date of expiry of bonding period should not be taken for calcula....

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....In these circumstances, the examination of machineries and their conditions is not necessary for the purpose of working out the depreciation. The value of the machinery has already been worked out in the Show Cause Notice at Rs. 37,20,198/- and duty has been worked out at Rs. 9,58,320/-. The cited judgments have clearly laid down that on failure to comply with the export obligation, the appellants....