100% eou

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

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

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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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.

Regards,

ramesh verma