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<h1>Higher Depreciation Rates Approved for Computers in Export Oriented Units: Up to 70% Cap Announced by Finance Ministry.</h1> The circular from the Ministry of Finance addresses the assessment of capital goods during the debonding of units under 100% Export Oriented Units, Electronics Hardware Technology Parks, Software Technology Parks, and Export Processing Zones Schemes. It allows for a higher depreciation rate for computers cleared by these units, acknowledging their faster obsolescence. The depreciation rates are set at 20% per year for the first two years and 16% per year for the next two years, with a maximum depreciation cap of 70%. This decision follows consultations with the Department of Electronics and previous instructions from the Board.