duty on clearance of used compressors

[jagadesh kumar bhojanapalli Kumar]

Dear Sir,

We are having 100% EOU unit, may we know what will be duty is applicable on removal of used compressors where we have not availed any exemptions like (either PC or CT-3).

regards,

jagadesh kumar

AI Summary

Duty on Used Compressors from 100% EOU: Calculate Based on Depreciated Value Using Straight-Line Method A query was raised regarding the applicable duty on the removal of used compressors from a 100% EOU unit without availing any exemptions like PC or CT-3. One response inquired if the issue was clarified, while another advised that old and used capital goods, such as compressors, must be cleared with duty calculated on their depreciated value using the straight-line method.