Transfer of exempt goods to new projects permitted with certificates; alternatively duty may be paid on depreciated value. Where goods cleared before March 1, 2008 under the exemption to certain international organisations are no longer required for the original project, the manufacturer may either transfer the goods to a new, Government-approved project on production of certificates from the competent government officer and the relevant international organisation, or pay excise duty on the depreciated value of the goods. Depreciated value is determined by a straight-line quarterly depreciation schedule applied to the original cleared value, subject to a maximum depreciation cap, and the required certificates must be produced to the Assistant Commissioner or Deputy Commissioner of Central Excise having jurisdiction over the factory.