Depreciation on EOU Capital Goods Allowed Only Till Debonding, Not Duty Payment: CESTAT

Commissioner of Customs Vs Blue Gold Maritech (International) Ltd (CESTAT Hyderabad) The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Hyderabad, in the case of Commissioner of Customs (Preventive) Vijayawada versus Blue Gold Maritech (International) Ltd, ruled on the admissibility of depreciation on capital goods imported under the Export Oriented Unit (EOU) scheme. The appeal arose from an order by the Commissioner that had allowed depreciation on capital goods from the date of installation or commencement of production until the date of duty payment, rather than until the da...