Use of duty free raw material for capital goods manufactured within EOU for captive use-reg

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.... of Export Promotion New Delhi, the 19th August, 2009 Sub: Use of duty free raw material for capital goods manufactured within EOU for captive use-reg. An Export Oriented Unit has represented regarding difficulties faced in grant of exemption from Customs & Central Excise duty on raw materials common for manufacture of both finished goods and capital goods (e.g. jigs, moulds, dies etc) within t....

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....nted for and bonded as per the usual bonding procedure. While following the into-bond procedure, the value of such capital goods woud be assessed by following the computed value method in terms of the Customs valuation Rules, which would inter alia account for the raw material captively consumed in manufacture of capital goods. Such goods would be liable to duty as applicable in case of clearance ....