Capital goods removal from export processing zone permitted if conditions satisfied, subject to duty on depreciated value at import rates. Collector of Customs may allow capital goods to be taken outside an Export Processing Zone to any place in India on payment equal to the duty leviable on such goods computed on their depreciated value and at rates in force at the time of their import, provided the Madras Export Processing Zone Board authorised the withdrawal or disposal under the prevailing 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 removal from export processing zone permitted if conditions satisfied, subject to duty on depreciated value at import rates.
Collector of Customs may allow capital goods to be taken outside an Export Processing Zone to any place in India on payment equal to the duty leviable on such goods computed on their depreciated value and at rates in force at the time of their import, provided the Madras Export Processing Zone Board authorised the withdrawal or disposal under the prevailing Import Export Policy and the goods were used within the Zone for not less than three years.
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