Capital goods transfer from export processing zone allowed on duty payment based on depreciated value after minimum use period. The Collector of Customs may allow capital goods to be taken outside the Zone to any place in India where it is shown that the unit was permitted by the Zone Board to withdraw or to dispose of capital goods outside the Zone in accordance with the Import Export Policy, and that the capital goods have been used within the Zone for not less than three years, on payment of an amount equal to the duty leviable on the depreciated value of those goods at import rates.
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 from export processing zone allowed on duty payment based on depreciated value after minimum use period.
The Collector of Customs may allow capital goods to be taken outside the Zone to any place in India where it is shown that the unit was permitted by the Zone Board to withdraw or to dispose of capital goods outside the Zone in accordance with the Import Export Policy, and that the capital goods have been used within the Zone for not less than three years, on payment of an amount equal to the duty leviable on the depreciated value of those goods at import rates.
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