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of <h1>Depreciation on Capital Goods for EOUs Allowed Only with Positive NFE Achievement per Notifications Nos. 60/2008 & 26/2008</h1> In cases where a 100% Export Oriented Unit (EOU) has not achieved positive Net Foreign Exchange (NFE), depreciation on capital goods during clearance or debonding is only allowed if positive NFE is achieved, factoring in depreciation. Notifications Nos. 60/2008-Customs and 26/2008-CE, both dated 05.05.2008, allow clearance of capital goods at depreciated value proportional to NFE achieved. If NFE is not met, duty foregone at import must be paid proportionally. For EOUs exiting the scheme before 10 years, NFE is calculated based on depreciation rates for capital goods and foreign technical know-how fees. Departmental officers must confirm positive NFE achievement before issuing a No-dues certificate.
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