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Customs - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

100% EOU - debonding - Revenue's argument to deny depreciation ...


Depreciation Allowed for 100% EOU Undergoing Debonding After Partial Fulfillment of Export Obligation; Revenue's Denial Unreasonable.

August 2, 2014

Case Laws     Customs     AT

100% EOU - debonding - Revenue's argument to deny depreciation does not appear to be reasonable for the reason that depreciation is admissible once there was export obligation discharged even partly irrespective of quantum of export made - AT

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