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2019 (2) TMI 611 - CESTAT BANGALORE100% EOU - debonding of unit - N/N. 52/2003 and N/N. 22/2003 dt. 31/03/2003 - challenge to the assessment of ex-bond bill of entry before the Commissioner of Customs(Appeals) praying for 100% depreciation - Held that:- The capital goods were procured and installed in the EOU in 1986 and the order of de-bonding was passed by the Development Commissioner on 19/07/2002 - the appellants are entitled to depreciation from 1986 to 2002 which also works out to 156% as per the Notification No.52/2003 and Notification No.22/2003 dt. 31/03/2003 - Further, in fact the de-bonding of the capital goods were allowed on 14/03/2008by the Asst. Commissioner and thereafter the duties were paid. The circular No.14/2004-Cus dt. 13/02/2004 also prescribe that the depreciation is admissible till the date of payment of duty - appeal allowed - decided in favor of appellant.
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