Capital goods taken outside the Free Trade or Export Processing Zone or 100% EOUs - Calculation of depreciation

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..... partment of Revenue Central Board of Excise Customs, New Delhi Attention is invited to Notification No. 244/86-Cus., dated 14.4.1986, and to say that the question of laying down an appropriate method for calculating the depreciation that should be allowed to the 'capital goods', which are permitted to be taken outside the Free Trade Zone or Export Processing Zones or 100% Export Oriente .....

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..... rall limit of 90% 3. It may be clarified that under notification applicable to Free Trade or Export Processing Zones, depreciation is permitted only to such capital goods as have been used within the zone for a period of not less than 3 years. Similarly, in the case of 100% EOUs, depreciation is permitted only to such capital goods as have been used by the EOUs during the period of export .....

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