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of <h1>Central Govt Amends Notification: Capital Goods Can Be Moved Outside Zone After 3 Years With Customs Approval</h1> The Central Government has amended a previous notification to allow certain capital goods used within a specified zone for at least three years to be moved outside the zone within India. This is contingent upon approval by the Collector of Customs and compliance with the current Import-Export Policy. The goods can be relocated upon payment of duty based on their depreciated value at the time of clearance, calculated at current import rates. This amendment is made under the powers conferred by the Customs Act, 1962, and is deemed necessary in the public interest.
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