Assessment of capital goods at the time of debonding of units working under 100% Export Oriented Units (including Electronics Hardware Technology Parks / Software Technology Parks Schemes) / Export Processing Zones Schemes - Allowance for depreciation - Customs - F. No. 314/l9/94-FTT(Pt.VI)

Assessment of capital goods at the time of debonding of units working under 100% Export Oriented Units (including Electronics Hardware Technology Parks / Software Technology Parks Schemes) / Export Processing Zones Schemes - Allowance for depreciation F. No. 314/l9/94-FTT(Pt.VI) Dated 22-9-1994 Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : Assessment of capital goods at the time of debonding of units working under 100% Export Oriented Units (including Electronics Hardware Technology Parks / Software Technology Parks Schemes) / Export Processing Zones Schemes - Allowance for depreciation - Regarding. A reference is invited to Board's instructions F. No. 305/52/85-FTT, dated 15-4-1987 and F.No.305/l36/92-FTT, dated 5-6-1992 regarding depreciation to be allowed for capital goods cleared by units working under 100% Export Oriented Units/Export Processing Zones Schemes at the time of their debonding. A number of requests had been received in the Board for granting a higher scale of depreciation in respect of such of the capital goods which are prone to faster obsolescence. 2. The matter has been examined by the Board in consultation with the Department of Electronics and it is directed to say that it has been decided by the Board to permit a higher depreciation as per rates indicated below in respect of computers which are cleared by any unit working under the 100% Export Oriented Units/Export Processing Zones Schemes (including Software Technology Parks/Electronics Hardware Technology Parks Schemes etc.) at the time of debonding in accordance with the permission granted by the appropriate authority under the Exim Policy :- TOTAL 1st year at the rate of 5% per quarter 20% 2nd year at the rate of 5% per quarter 20% 3rd year at the rate of 4% per quarter 16% 4th year at the rate of 4% per quarter 16% Subject to a maximum of 70%.