Depreciation on capital goods: Developers entitled to benefit upon SEZ debonding or denotification under SEZ rules. The benefit of depreciation on capital goods is available to SEZ Developers at the time of debonding or denotification, based on a harmonised reading of the rules governing depreciation together with the provisions on debonding/denotification; this administrative clarification was issued in response to a SEEPZ query with competent authority approval.