Method of calculation of the depreciation which should be allowed to the 'Capital Goods' at the time of assessment of duty from Free Trade Zone - 100% Export Oriented Units to Domestic Tariff Area - Regarding

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.... Free Trade Zone - 100% Export Oriented Units to Domestic Tariff Area - Regarding Ins. F. No. 305/52/85-FTT Dated 15-4-1987 Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : Method of calculation of the depreciation which should be allowed to the 'Capital Goods' at the time of assessment of duty from Free Trade Zone - 100% Export Oriented Units to Domestic T....

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....r subsequent years after fourth year a flat rate of depreciation of 2% per every quarter may be provided for. The rate of depreciation for such goods, would be as follows :- For every quarter during 1st year - 4% For every quarter during 2nd year - 3% For every quarter during 3rd year - 2.5% For every quarter during 4th year and thereafter Subject to an overall limit of 70% -....