https://www.taxtmi.com/circulars?id=6204 Method for calculating depreciation for capital goods cleared by Free Trade Zone/100% Export Oriented Units to the Domestic Tariff Area permits duty payment on the depreciated value. The Board's method for imported goods applies mutatis mutandis to domestically procured capital goods, using quarterly rates: 4% (first year), 3% (second year), 2.5% (third year), 2% (fourth year and thereafter), subject to a 70% overall cap. en-us Thu, 29 Sep 1994 00:00:00 +0530 Tue, 30 Jun 2009 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6204 Method for calculating depreciation for capital goods cleared by Free Trade Zone/100% Export Oriented Units to the Domestic Tariff Area permits duty payment on the depreciated value. The Board's method for imported goods applies mutatis mutandis to domestically procured capital goods, using quarterly rates: 4% (first year), 3% (second year), 2.5% (third year), 2% (fourth year and thereafter), subject to a 70% overall cap. Circulars Central Excise Thu, 29 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6204