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of <h1>Ministry of Finance Allows Depreciation on Capital Goods for EOUs/EPZs with BOA Approval Under 1992-97 Policy.</h1> The circular from the Ministry of Finance, dated June 5, 1992, addresses the assessment of capital goods during the de-bonding of 100% Export-Oriented Units (EOUs) or Export Processing Zones (EPZs). Previously, depreciation was allowed only if the unit fulfilled its export obligations. However, under the 1992-97 Export-Import Policy, units can de-bond before completing these obligations if approved by the Board of Approval (BOA). Consequently, the Board has decided to allow depreciation for all capital goods cleared by 100% EOU/EPZ units, provided they have BOA permission, although the depreciation scale remains unchanged.
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