Depreciated value duty treatment for capital goods removed from Kandla Free Trade Zone permitted; customs depreciation method applies. Removal of indigenously procured capital goods from the Kandla Free Trade Zone is permitted on payment of duty at the depreciated value, and the customs instructions on the method of calculating depreciation are to apply mutatis mutandis for central excise purposes to units in the Kandla Free Trade Zone.
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.
Depreciated value duty treatment for capital goods removed from Kandla Free Trade Zone permitted; customs depreciation method applies.
Removal of indigenously procured capital goods from the Kandla Free Trade Zone is permitted on payment of duty at the depreciated value, and the customs instructions on the method of calculating depreciation are to apply mutatis mutandis for central excise purposes to units in the Kandla Free Trade Zone.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.