Wait...

  • >
  • >
  • >
  • >
  • EOU, EPZs, EHTPs, STPs
  • Online India Export Import Data Search

    Debonding of capital goods from the EOU/ EPZ/ EHTP/ STP Units, Customs Circular No 27/1998, 21-04-1998



    Date: 21-04-1998
    Notification No: Customs Circular No 27/1998
    Issuing Authority: Indian Customs  
    Type: Circular
    File No:
    Subject: Debonding of capital goods from the EOU/ EPZ/ EHTP/ STP Units
    Debonding of capital goods from the <a href='http://www.eximguru.com/exim/eou/default.aspx'>EOU</a>/ EPZ/ EHTP/ STP Units

    Circular No. 27dated 21st April 1998

    I am directed to refer to Board's F. No. 305/52/85-FTT dated the 15th April 1987 wherein the method for calculating the depreciation on 'Capital goods' permitted to be taken outside the units, was prescribed, and the over all limit of depreciation was fixed at 70%. Subsequently Board in their F. No. 314/19/94- FTT Part - VI, dated 11th April, 1997 had provided for accelerated rate of depreciation for the computers in view of their rapid obsolescence, keeping, the overall limit at 70%.

    2.      It had been suggested by the Ministry of Commerce and Deptt. of Electronics that the existing scale prescribed for depreciation is not adequate and the overall limit be raised to 90%. The issue had been examined by the Board and it had been noted that it would be in the interest of export promotion to provide higher depreciation for the purpose of payment of duty on clearance both for imported and indigenous capital goods. It was also felt that separate formulation for the computers and other capital goods should be prescribed because of the rapid obsolescence of the computers as compared to other capital goods.

    3.      In view of the above it has been decided that for computer following rate of depreciation may be allowed: -

    For every quarter during 1st year -7%

    For every quarter during 2nd year - 7%

    For every quarter during 3rd year - 5%

    For every quarter during 4th year and onwards - 3%

    Subject to an overall limit of 90%

    and for capital goods other than computers, the following depreciation rate may be allowed: -

    For every quarter in the 1st year - 4%

    For every quarter in the 2nd year - 3%

    For every quarter in the 3rd year - 3%

    For every quarter in the 4th year - 2. 5%

    For every quarter in the 5th year - 2%

    and thereafter.

    Subject to a maximum of 75%

    4.      The period of depreciation would be counted from the date the capital goods have been put into the manufacturing process in the EOU/ EPZ/ STP/ EHTP up to the date are sought to be cleared to the DTA. In case of the 2nd hand imported capital goods, the depreciation shall be calculated from the value, which has been accepted by the Assistant Commissioner Customs at the time of assessing the Into Bond Bill of Entry.

    5.      The depreciation shall be calculated as per straight-line method. However in case of partial debonding of the computer of other capital goods as the case may be, are sold at a value higher than that arrived after allowing depreciation at the above said rates, the transaction value may be taken as the assessable vale for the purpose of calculation of duty.

           

    DO YOU NEED HELP?







    Enquiry Form

    Fields marked with an asterisk * are required.
    +



    What is New?

    Date: 24-08-2016
    Central Excise Notification No 45/2015
    Amends Notification No.22/2003-Central Excise dated 31.3.2003

    Date: 23-08-2016
    Customs Notification No. 46/2016
    Seeks to further amend Notification No. 96/2008-Customs dated 13.08.2008 so as to include 'Republic of Guinea-Bissau' in the list of countries eligible for preferential tariff under the said notification.

    Date: 22-08-2016
    Service Tax Circular No.199/09/2016–ST
    Services provided to the Government, a local authority or a governmental authority with regard to water supply

    Date: 22-08-2016
    Customs Circular No. 38/2016
    Guidelines regarding Provisional Assessment under section 18 of the Custom Act, 1962

    Date: 22-08-2016
    Customs Notification No. 113/2016 (NT)
    Rescinds Customs (Provisional Duty Assessment) Regulations, 2011 - Notification No. 81/2011-Customs (N.T.) dated the 25th November, 2011

    Date: 19-08-2016
    Notification No. 46/2016-Customs (ADD)
    Seeks to extend the levy of anti-dumping duty on imports of Caustic Soda, originating in, or exported from Chinese Taipei (imposed vide notification No.79/2011-Customs, dated the 23rd August, 2011) for a period of one year i.e. upto and inclusive of the 22nd August, 2017.

    Date: 19-08-2016
    Notification No.47/2016-Customs (ADD)
    Seeks to extend the levy of anti-dumping duty on imports of 1-Phenyl-3-Methyl-5-Pyrazolone originating in, or exported from, People's Republic of China, (imposed vide notification No.80/2011-Customs, dated the 24th August, 2011) for a period of one year i.e. upto and inclusive of the 23rd August, 2017.

    Date: 18-08-2016
    Customs Notification No. 112/2016 (NT)
    Rate of exchange of conversion of the foreign currency with effect from 19th Aug., 2016

    Date: 18-08-2016
    Customs Notification No. 111/2016 (NT)
    Giving the powers of Chief Commissioner to Principal Commissioner who have been given the additional charge vide office orders No. 79/2016 dated 14.07.2016 and 86/2016 dated 26.07.2016

    Date: 18-08-2016
    Central Excise Notification No. 43/2016 CE (NT)
    Giving the powers of Chief Commissioner to Principal Commissioner who have been given the additional charge vide office orders No. 79/2016 dated 14.07.2016 and 86/2016 dated 26.07.2016



    Exim Guru Copyright © 1999-2016 Exim Guru. All Rights Reserved.
    The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
    Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

    EximGuru.com

    C/o Infodrive India
    E-2, 3rd Floor, Kalkaji Main Road
    New Delhi - 110019, India
    Phone : 011 - 40703001