EOUs/ EPZ Units - CG depreciation norm raised to 90%

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..... the EOU /EPZ / EHTP / STP Units. I am directed to refer to Board's Circular No. 27/98-Cus issued from F. No. 314/19/94-FTT dated 21.4.98. It has been provided in para 4 of the above said Circular that the depreciation for capital goods other than computers, at the following rates may be allowed: For every quarter in the 1st year - 4% For every quarter in the 2nd yea .....

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..... in the 3rd year - 3% For every quarter in the 4th year - 2.5% and thereafter, subject to a maximum of 90% 4. The Circular No. 27/98 stands modified to the above extent. 5. The above may be given a wide publicity by issue of Public Notice. Cases already decided may not be reopened. Sd/- (O.P. Khanduja) Sr. Technical Officer (FTT) - Circula .....

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