Capital goods transfer: removal from export zone permitted subject to customs duty on depreciated value after approval. Removal of capital goods from an Export Processing Zone to anywhere in India is permitted on payment of customs duty equal to the duty leviable on those goods calculated on their depreciated value at time of clearance and at import rates, where the Collector of Customs is satisfied that withdrawal or disposal outside the Zone was authorised under the Import Export Policy and the goods were used within the Zone for not less than three years.
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 transfer: removal from export zone permitted subject to customs duty on depreciated value after approval.
Removal of capital goods from an Export Processing Zone to anywhere in India is permitted on payment of customs duty equal to the duty leviable on those goods calculated on their depreciated value at time of clearance and at import rates, where the Collector of Customs is satisfied that withdrawal or disposal outside the Zone was authorised under the Import Export Policy and the goods were used within the Zone for not less than three years.
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