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of <h1>Ministry of Finance Clarifies Depreciation Rates for EOUs, EHTPs, and STPs; Sets Annual Rates for Capital Goods.</h1> The circular issued by the Ministry of Finance's Department of Revenue clarifies the depreciation policy for capital goods used by Export Oriented Units (EOU), Electronic Hardware Technology Parks (EHTP), and Software Technology Parks (STP). According to Notifications Nos. 52/2003-Cus and 22/2003-CE, depreciation rates are set at 20% annually for computers and peripherals, and 10% for other capital goods. Depreciation is calculated from the start of commercial production until duty payment, and can reach up to 100%. The circular addresses inconsistent practices in calculating depreciation and mandates proportional computation for partial years or months. Publicity and acknowledgment of the circular are requested.
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