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TMI BlogSelling of duty free imported containers in DTA from SEZX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Accou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nts 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 SE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Z 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Whether you have ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... got clarified in the above issue? If not please inform. - Selling of duty free imported containers in DTA from SEZ - Query Started By: - Sharma Sharma Dated:- 24-9-2014 Customs - Import - Export - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Customs - SEZ - Got 1 Reply - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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