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of <h1>New Depreciation Rules for Capital Goods Exiting Free Trade Zones: Aligns with Used Car Rates, Capped at 90.</h1> The circular from the Central Board of Excise & Customs addresses the calculation of depreciation for capital goods moved outside Free Trade Zones, Export Processing Zones, or 100% Export Oriented Units in India. Depreciation rates for these goods will align with those used for assessing used cars. The rates are 4% per quarter in the first year, 3% in the second year, 2.5% in the third year, and 3% thereafter, capped at 90%. Depreciation is allowed only for goods used within the zones for at least three years or for EOUs that have fulfilled their export obligations. No depreciation is allowed if obligations are unmet.
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