Re-export or clearance of unutilised or defective goods

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..... rt such goods as specified in sub-rule (1), shall record the details of necessary export documents in the monthly statement: Provided that the value of such goods for re-export shall not be less than the value of the said goods at the time of import. (3) The importer who opts to clear the unutilised or defective goods for home consumption as specified in sub-rule (1), shall pay the duty along with interest on the common portal and the particulars of such clearance and the payment of duty shall be recorded by the importer in the monthly statement. (4) The importer has an option to clear the capital goods imported, after having been used for the specified purpose, on payment of duty equal to the difference between the duty leviable o .....

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..... unutilised or defective imported goods, within six months from the date of import, with the permission of the jurisdictional Deputy Commissioner of Customs or, as the case may be, Assistant Commissioner of Customs having jurisdiction over the premises where the imported goods shall be put to use for manufacture of goods or for rendering output service: Provided that the value of such goods for re-export shall not be less than the value of the said goods at the time of import. (2) The importer who has availed benefit of an exemption notification, prescribing observance of these rules may also clear the unutilised or defective imported goods, with the permission of the jurisdictional Deputy Commissioner of Customs or, as the case ma .....

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..... he first year @ 4%; (ii) for every quarter in the second year @ 3%; (iii) for every quarter in the third year @ 3%; (iv) for every quarter in the fourth and fifth year @ 2.5%; (v) and thereafter for every quarter @ 2%. Explanation . - (1) For the purpose of computing rate of depreciation for any part of a quarter, a full quarter shall be taken into account. (2) There shall be no upper limit for such depreciation. (3) The depreciation shall be allowed from the date when the imported capital goods have come into use for the purpose as specified in the exemption notification upto the date of its clearance. ] - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Managem .....

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