TaxTMI 
TaxTMI 
Duty payable at the time of de-bebonding of capital goods
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....uty payable at the time of de-bebonding of capital goods<br> Query (Issue) Started By: - Samir Gokhale Dated:- 19-10-2010 Last Reply Date:- 11-3-2011 Customs - Exim - SEZ<br>Got 1 Reply<br>Customs<br....
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....>In STPI scheme and as per foreign trade policy value of capital goods after 5 years become NIL and in such case when we opt for de-bonding of capital goods we need not to pay any custom / excise duty....
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..... However Exicse Dept in Mumbai insist on paying duty on scrap valu. Pleas let us know whether practice following by excise dept is correct and which notification they are following to recover such du....
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....ty. Reply By Surender Gupta: The Reply: You refer to amended notifications no. 52/2003 Cus and 22/2003 CE where capital goods allowed to cleared on depreciated value where NFE has been achieved. Or....
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.... as adjusted depreciated value where NFE has not been achieved.<br> Discussion Forum - Knowledge Sharing ....