Capital goods withdrawal allowed subject to payment of duty on depreciated value after three years' use. Paragraph 1B authorises the Collector of Customs, upon satisfaction that a unit was permitted to withdraw or dispose of capital goods under the Import Export Policy and that those goods were used within the Export Processing Zone for at least three years, to allow removal of such capital goods to any place in India on payment equal to the duty leviable on the goods calculated on their depreciated value at time of clearance and at rates prevailing at import.
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.
Capital goods withdrawal allowed subject to payment of duty on depreciated value after three years' use.
Paragraph 1B authorises the Collector of Customs, upon satisfaction that a unit was permitted to withdraw or dispose of capital goods under the Import Export Policy and that those goods were used within the Export Processing Zone for at least three years, to allow removal of such capital goods to any place in India on payment equal to the duty leviable on the goods calculated on their depreciated value at time of clearance and at rates prevailing at import.
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