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of <h1>Depreciation Rules for 100% Export Oriented Units: Notifications 52/03-Cus & 22/03-CE on Capital Goods Explained</h1> Depreciation for debonded capital goods, specifically computers and peripherals under the 100% Export Oriented Unit Scheme, is governed by notifications 52/03-Cus and 22/03-CE, both dated March 31, 2003. These notifications allow for depreciation up to 100% using a straight-line method, calculated from the start of commercial production or when the goods are put to use, until duty payment. Depreciation is contingent upon achieving positive Net Foreign Exchange (NFE). For non-capital goods, no depreciation is permitted. Duty is payable on manufactured goods as per the rate applicable on the duty payment date, according to the Central Excise Act, 1944.
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