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EOU permitted to destroy obsolete goods on payment of duty on scrap value
Case Law Details
- Case Name
- Tyco Electronics Corporation India (P) Ltd. Vs Commissioner of Central Excise & Service Tax (CESTAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All CESTAT, CESTAT Bangalore
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Tyco Electronics Corporation India (P) Ltd. Vs Commissioner of Central Excise & Service Tax (CESTAT Bangalore)
CESTAT Bangalore held that destruction of obsolete goods allowed to EOU on payment of duty on scrap value. Accordingly, held that when goods are destroyed EOU is not liable to pay duty on original value at the time of import.
Facts- The Appellant is an EOU manufacturing connectors and other items. As part of their routine business, they have imported raw material and components and also procured goods from DTA without payment of customs duty and excise duties in terms of Customs N...
Author Info
We got certified the current stock lying with EOU are obsolete, not salable in open market as the unit was working for another unit and products and its raw materials are all tailor made not any of them are common. Vlue my fetch on coppe components. but very negligible then how to proceed from domestic clearance?