CESTAT Finds No Actual Transfer of EOU Machinery, Reduces ₹9.04 Lakh Duty Demand to ₹3.98 Lakh [Read Order]
During the tribunal hearing, the panchnama from the 2010 site visit showed the machines were still on the EOU premises, leading the bench to reject the claim of transfer
The Allahabad Bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT )found no actual transfer of machinery imported for a 100% Export Oriented Unit (EOU) and accordingly reduced the customs duty demand from ₹9.04 lakh to ₹3.98 lakh. UKB Electronics Pvt. Ltd.,appellant-assessee, was engaged in manufacturing electrical components at its Noida unit, which…
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