Depreciation rules permit removal of capital goods from Kandla Free Trade Zone on duty assessed at depreciated value. Indigenously procured capital goods may be removed from the Kandla Free Trade Zone on payment of duty calculated on the depreciated value; the customs instructions on the method of calculating depreciation are to be applied mutatis mutandis for central excise purposes for units in the Kandla Free Trade Zone and a trade notice should be issued to inform the trade.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Depreciation rules permit removal of capital goods from Kandla Free Trade Zone on duty assessed at depreciated value.
Indigenously procured capital goods may be removed from the Kandla Free Trade Zone on payment of duty calculated on the depreciated value; the customs instructions on the method of calculating depreciation are to be applied mutatis mutandis for central excise purposes for units in the Kandla Free Trade Zone and a trade notice should be issued to inform the trade.
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