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Depreciation in cases where NFE has not been achieved

Central Excise - 100% Export Oriented Unit Scheme - 100% EOU Scheme - 61 - Para 6.15(b) and para 6.18(e) of FTP provide that depreciation in case of clearance or debonding of capital goods for disposal in DTA and exit from the scheme respectively is .....

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08-CE, both dated 05.05.2008 so as to allow clearance/ debonding of capital goods on the depreciated value proportionate to the NFE achieved by the unit which is arrived at after taking into consideration the rate of depreciation allowable on such ca .....

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example:- Supposing a unit imports a C.G and subsequently wants to clear it after 2 years of use. According to rate of depreciation, the unit is entitled for 32% depreciation. Hence the unit would be required to fulfill NFE 32% over and above its no .....

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the duty liability of the unit would be confirmed subject to the condition that the unit has achieved positive NFE taking into consideration allowed. The unit debonding prior to expiry of 10 years, the NFE will be calculated on the payment of foreign .....

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provides for amortization of the value of imported capital goods and payment of foreign technical know-how fee at the rate of 10% per year. The NFE earnings are calculated cumulatively in the block of five years in terms of Para 6.5 of FTP. Accordin .....

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