TMI BlogDomestic Tariff Area removals - abatement of duties in certain casesX X X X Extracts X X X X X X X X Extracts X X X X ..... and Services Tax ] as under:- (a) duty shall be levied on such goods on the depreciated value thereof and at the rate in force on the date of removal of the goods; (b) depreciation in value shall be allowed for the period from the date of commencement of production or where such capital goods have been received in the Unit after such commencement of production from the date such goods have ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the fourth and fifth year at the rate of two and half per cent. and thereafter for every quarter at the rate of two per cent. Explanation.- For the purpose of computing depreciation for any part of a quarter, the rate applicable to such quarter in full shall be considered; (2) Goods supplied by a Unit to Domestic Tariff Area on payment of duty may be brought back to the Unit for the purpo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ack to the Domestic Tariff Area without payment of duty. (4) A Unit may remove following goods from the Special Economic Zone to Domestic Tariff Area without payment of duty: - (a) goods imported and admitted into the Special Economic Zone after payment of applicable duty and such goods are cleared into Domestic Tariff Area, without any processing, subject to the condition that the identity ..... X X X X Extracts X X X X X X X X Extracts X X X X
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