Depreciation cap for capital goods in EOUs/EPZ raised, revised quarterly rates and conditions apply under circular. Revision raises the depreciation ceiling for capital goods other than computers and computer peripherals in EOUs/EPZ/EHTP/STP units to an overall maximum of 90%, while retaining quarterly rates of 4% in the first year, 3% in the second and third years, 2.5% in the fourth year, and thereafter subject to the 90% cap. The Circular modifies the earlier Circular No. 27/98, requires a Public Notice for wide publicity, excludes computers and peripherals from the revised norm, and directs that cases already decided need not be reopened.
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Depreciation cap for capital goods in EOUs/EPZ raised, revised quarterly rates and conditions apply under circular.
Revision raises the depreciation ceiling for capital goods other than computers and computer peripherals in EOUs/EPZ/EHTP/STP units to an overall maximum of 90%, while retaining quarterly rates of 4% in the first year, 3% in the second and third years, 2.5% in the fourth year, and thereafter subject to the 90% cap. The Circular modifies the earlier Circular No. 27/98, requires a Public Notice for wide publicity, excludes computers and peripherals from the revised norm, and directs that cases already decided need not be reopened.
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