TMI BlogDe-bonding of goods/ exit from EOU schemeX X X X Extracts X X X X X X X X Extracts X X X X ..... 36.2 Clearance or deboning of capital goods are allowed on payment of duty but for exemption on the depreciated value thereof, if the unit has fulfilled the positive NFE criteria taking into consideration the depreciation allowable on the capital goods at the time of clearance or deboning. In case of failure to achieve the said positive NFE, the depreciation shall be allowed on the value of capita ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sideration rate of depreciation allowable, it cannot exit to the EPCG scheme. 36.5 A unit is also allowed clearance or de-bonding of capital goods in the event of Exit to Advance Authorization scheme as a one time option provided the unit has fulfilled NFE criteria. Thus, if a unit has not achieved positive NFE taking into consideration rate of depreciation allowable on capital goods, it cannot ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ting rate of depreciation for any part of a quarter, a full such quarter is taken into account. There is no upper limit for such depreciation and depreciation upto 100% could be allowed. 36.8 Raw materials, semi-finished and finished goods including empty cones, containers suitable of repeated use lying in stock at the time of de-bonding can also be cleared on payment of duty but for exemption ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y penalty under Foreign Trade (Development and Regulation) Act at the time of exit. 36.12 After obtaining in principle de-bonding order, the unit is required to assess the duty liability by itself and submit such details to jurisdictional Customs/ Central Excise authority. The Assistant/ Deputy Commissioner of Central Excise and Customs is required to confirm the duty liability within 15 days o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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