Clearance from export zones allowed with duty rules: machinery on depreciated value, other goods on import value. Clearance from Zone to other places in India, authorised by the Development Commissioner and shown to the satisfaction of the Assistant Collector of Customs, is allowed: (a) machinery, material handling equipment, office equipment and captive power plants on payment of customs duty on their depreciated value at rates in force on the date of payment; (b) other goods (including reusable containers) on payment of customs duty on value at time of import at rates in force on the date of payment; (c) used packing materials unsuitable for repeated use without duty. Exemptions under heading 98.01 and EPCG or other export promotion schemes are excluded. Depreciation is allowed from commencement of commercial production or first use until payment of duty.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Clearance from export zones allowed with duty rules: machinery on depreciated value, other goods on import value.
Clearance from Zone to other places in India, authorised by the Development Commissioner and shown to the satisfaction of the Assistant Collector of Customs, is allowed: (a) machinery, material handling equipment, office equipment and captive power plants on payment of customs duty on their depreciated value at rates in force on the date of payment; (b) other goods (including reusable containers) on payment of customs duty on value at time of import at rates in force on the date of payment; (c) used packing materials unsuitable for repeated use without duty. Exemptions under heading 98.01 and EPCG or other export promotion schemes are excluded. Depreciation is allowed from commencement of commercial production or first use until payment of duty.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
