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of <h1>New Rules for SEZ Units: Used Capital Goods from DTA Must Meet Section 10AA Compliance and Depreciation Guidelines.</h1> The circular from the Ministry of Commerce and Industry outlines regulations for Special Economic Zone (SEZ) units procuring used capital goods from Domestic Tariff Areas (DTA). It mandates that such procurement must comply with Section 10AA of the Income Tax Act, which restricts the transfer of previously used machinery to new businesses unless specific conditions are met. SEZ units must obtain prior approval from the Development Commissioner and adhere to depreciation rules when valuing transferred goods. The total value of used goods transferred should not exceed 20% of the total capital goods value, with exceptions specified under SEZ Rules.
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