Method of Calculation of the depreciation which should be allowed to the 'Capital Goods' at the time of assessment of duty from Free Trade Zone/100% Export Oriented Units to Domestic Tariff Area - Regarding

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..... uty from Free Trade Zone/100% Export Oriented Units to Domestic Tariff Area - Regarding Circular No. 64/64/94-CX Dated 29-9-1994 [From F.No. 268/29/94-CX.8] Government of India Ministry of Finance (Department of Revenue) Central Board of Excise and Customs, New Delhi Subject : Method of Calculation of the depreciation which should be allowed to the 'Capital Goods' .....

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..... uch units. 4. The issue has been examined and it has been decided that the method for calculating depreciation assessment in the above circular should apply mutatis mutandis to those cases also where Capital Goods have been procured from domestic market and are cleared by such units to DTA. The rate of depreciation of such goods should be as follows :- For every quarter during 1st year — .....

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