https://www.taxtmi.com/forum/issue?id=4267 Depreciation on indigenous capital goods procured by a 100% EOU must be calculated under CENVAT/central excise provisions and treated as fresh where CENVAT credit was availed; if no CENVAT credit was taken, the CENVAT rules do not apply and depreciation should be determined pursuant to the Foreign Trade Policy debonding provision relied upon by the EOU. en-us Mon, 18 Jun 2012 10:23:07 +0530 Thu, 23 Jan 2025 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4267 Depreciation on indigenous capital goods procured by a 100% EOU must be calculated under CENVAT/central excise provisions and treated as fresh where CENVAT credit was availed; if no CENVAT credit was taken, the CENVAT rules do not apply and depreciation should be determined pursuant to the Foreign Trade Policy debonding provision relied upon by the EOU. Discussion-Forum Central Excise Mon, 18 Jun 2012 10:23:07 +0530 https://www.taxtmi.com/forum/issue?id=4267