Duty on depreciated capital goods: permission to remove used Zone assets after compliance with policy on payment of duty. Where the Kandla Free Trade Zone Board has authorised withdrawal or disposal of capital goods outside the Zone in accordance with the Import-Export Policy, and the capital goods have been used within the Zone for at least three years, the Collector of Customs may permit their clearance to any place in India on payment of duty calculated on the capital goods' depreciated value at the time of clearance and at the rates prevailing on 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.
Duty on depreciated capital goods: permission to remove used Zone assets after compliance with policy on payment of duty.
Where the Kandla Free Trade Zone Board has authorised withdrawal or disposal of capital goods outside the Zone in accordance with the Import-Export Policy, and the capital goods have been used within the Zone for at least three years, the Collector of Customs may permit their clearance to any place in India on payment of duty calculated on the capital goods' depreciated value at the time of clearance and at the rates prevailing on import.
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