Selling of duty free imported containers in DTA from SEZ, Customs - Exim - SEZ

[Sharma Sharma]

Dear Sir,

Our company is a SEZ developer and during last many years, we had imported a number of duty free containers along with material. These containers were duly capitalised in our books of Accounts and were used as material storage till now.

Now, we want to sell these containers to DTA market. Since these are asset in our books of account, we calculated assessable depreciated value under SEZ rule 49 (ii) and paid advance duty on these depreciated value.

My query :

Do these container fall under Capital asset under SEZ/Excise rule (on such basis, we calculated our duty) ? If yes, please share any link of rule in support of this. And is our basis of calculation according to SEZ rule 49(ii) is the right way ?

Regards.

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above issue? If not please inform.