18 August 2015
We are a 100% EOU and have procured imported capital goods duty free which are more than 10 years. Now these machines are idle or obsolete, we need to remove these machine and procure the new machines. Please advise whether we have to take valuation report from Chartered Engineer certifying the value and condition of the Capital goods. Please also advise what will be the procedure for such removal
20 August 2015
Refer to para 6.40 (f)eligible EOU may remove their capital goods or parts thereof for repairs under prior intimation to jurisdictional Asst. / Deputy Commissioner of Customs or Central Excise.
CAclubindia
