2010 (4) TMI 468

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..... rd both sides. For the reasons stated in the miscellaneous application for condonation of delay and stay application, the delay in filing the appeal by 30 days is condoned and the requirement of pre deposit is waived. With the consent of both sides the appeal is also taken up for hearing and disposal today itself. 2. The appellants have paid duty on the transaction value on the capital goods at t .....

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..... e of CCE, Chandigarh v. Raghav Alloys (P) Ltd. - 2009 (242) E.L.T. 124 and Final Order No. 160/2010 dated 5-2-2010 in Appeal No. E/763/2005 decided by the South Zonal Bench at Chennai, I hold that the appellants are required to pay duty only on the depreciated value of the used capital goods and further that the depreciation should be calculated at the rate of 2.5% per quarter. Accordingly, the im .....

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