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 capital goods: removal requires duty calculated on depreciated value by straight line method.
Old and used capital goods (compressors) removed from a 100% EOU without availing exemptions must be cleared on payment of excise duty computed on the depreciated value of the goods, with depreciation determined by the straight line method.