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2007 (12) TMI 93 - AT - CustomsEOU - procured goods free of Customs & Excise duty - export obligation was fulfilled partially due to business exigencies - as the appellant had put to use the imported capital goods for fulfillment of export obligation, duty liability will be computed after giving the benefit of depreciation - Moreover, the domestic sale without taking the approval of the Development Comm. does not appear a very serious offence – Penalty reduced & original authority is directed to recompute duty liability
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