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2009 (9) TMI 857 - CESTAT BANGALORE100% EOU - whether the appellant, an export oriented unit, is liable to pay the interest for the period during which the capital goods (procured without payment of duty) were warehoused in export oriented unit - Held that: - It is seen from the records that the appellants had warehoused the goods in 2003 and the validity of the said bond is up to 2008. It is undisputed that the appellants were granted permission for debonding in 2007. Capital goods were removed from the factory premises in January, 2008 - Central Govt. has exempted the interest accrued on the customs duty payable by an export oriented unit. We also find that provisions of Section 61 clearly exclude the liability to pay interest for a period of 5 years from the date of bonding - appeal allowed - decided in favor of appellant.
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