https://www.taxtmi.com/acts?id=29045 Importers granted exemption must use imported goods within six months and may re export unutilised or defective goods or clear them for home consumption within that period. Re exports must be recorded in the monthly statement and cannot be valued below import value. Clearance for home consumption requires payment of duty with interest on the common portal and recording of particulars in the monthly statement. Capital goods may be cleared after use by paying the duty difference on a straight line depreciated value, with depreciation computed quarterly from first use to clearance. en-us Sat, 01 Jul 2017 18:14:15 +0530 Tue, 01 Feb 2022 16:08:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=29045 Importers granted exemption must use imported goods within six months and may re export unutilised or defective goods or clear them for home consumption within that period. Re exports must be recorded in the monthly statement and cannot be valued below import value. Clearance for home consumption requires payment of duty with interest on the common portal and recording of particulars in the monthly statement. Capital goods may be cleared after use by paying the duty difference on a straight line depreciated value, with depreciation computed quarterly from first use to clearance. Act-Rules Customs Sat, 01 Jul 2017 18:14:15 +0530 https://www.taxtmi.com/acts?id=29045