Clearance of imported goods permitted subject to customs duty on depreciated value for capital items, others taxed on import value. Where clearance to another place in India is authorised under the Export Import Policy and shown to the satisfaction of the Assistant Collector or designated authority, (a) capital goods, material handling equipment, office equipment and captive power plants may be cleared on payment of customs duty on their depreciated value at rates in force on date of payment; (b) other goods (including reusable containers) may be cleared on payment of customs duty on import value at rates in force on date of payment; (c) used packing materials unsuitable for repeated use may be cleared duty free. Depreciation runs from commencement of commercial production or date of commercial use until payment. Certain exemption provisions including EPCG scheme relief are expressly excluded.
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 of imported goods permitted subject to customs duty on depreciated value for capital items, others taxed on import value.
Where clearance to another place in India is authorised under the Export Import Policy and shown to the satisfaction of the Assistant Collector or designated authority, (a) capital goods, material handling equipment, office equipment and captive power plants may be cleared on payment of customs duty on their depreciated value at rates in force on date of payment; (b) other goods (including reusable containers) may be cleared on payment of customs duty on import value at rates in force on date of payment; (c) used packing materials unsuitable for repeated use may be cleared duty free. Depreciation runs from commencement of commercial production or date of commercial use until payment. Certain exemption provisions including EPCG scheme relief are expressly excluded.
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