Depreciation in cases where NFE has not been achieved

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.... is admissible only when the unit has achieved positive NFE taking into consideration of depreciation allowed. The notifications governing duty free import and procurement by EOUs have been suitably amended by notifications Nos. 60/2008-Customs and 26/2008-CE, both dated 05.05.2008 so as to allow clearance/ debonding of capital goods on the depreciated value proportionate to the NFE achieved by th....

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.... so as to provide that in case of exit from EOU Scheme, the duty liability of the unit would be confirmed subject to the condition that the unit has achieved positive NFE taking into consideration allowed. The unit debonding prior to expiry of 10 years, the NFE will be calculated on the payment of foreign technical know-how and capital goods based on the rate of depreciation allowable on the goods....