Capital goods removal rules permit exit after qualifying use on payment of duty based on depreciated value. Insertion authorises the Assistant Collector of Central Excise to permit capital goods to be removed from the Kandla Free Trade Zone to any place in India if the Board's permission to withdraw or dispose has been granted and the goods have been used in the Zone for the qualifying period, subject to payment of duty equal to the leviable amount on the goods' depreciated value at the time of clearance; the amendment also replaces the Zone definition with a list of survey numbers and precise boundary and fencing descriptions.
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Provisions expressly mentioned in the judgment/order text.
Capital goods removal rules permit exit after qualifying use on payment of duty based on depreciated value.
Insertion authorises the Assistant Collector of Central Excise to permit capital goods to be removed from the Kandla Free Trade Zone to any place in India if the Board's permission to withdraw or dispose has been granted and the goods have been used in the Zone for the qualifying period, subject to payment of duty equal to the leviable amount on the goods' depreciated value at the time of clearance; the amendment also replaces the Zone definition with a list of survey numbers and precise boundary and fencing descriptions.
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