Special Economic Zones Scheme - Noida Authority Online

the norms notified by the Department of Revenue.1.33.6 Depreciation for computers and computer peripherals shall be as follows:10% for every quarter in the first year,8% for every quarter in the 2nd year,5% for every quarter in the 3rd year1% for every quarter in the fourth and fifth year.1.33.7 For capital goods, other than the above, the depreciation rate would be asfollows:-4% for every quarter in the first year;3% for every quarter for the second and thrid year;2.5% for every quarter for the fourth and fifth year; and2% for every quarter thereafter.1.33.8 Clearance of capital goods imported as second hand shall be allowed as perthe Policy under EPCG Scheme. In respect of second hand capital goodswhich are less than 10 years old on date of import, clearance in the DTA maybe allowed, on payment of applicable duties, after 2 years from the date ofimport. In addition, where the second hand capital goods are more than 10years old, clearance in the DTA may be allowed only against an importlicence and payment of applicable duties.Revival of Sick units 1.34 Subject to a unit being declared sick by the appropriate authority, proposalsfor revival of the unit or its take over may be considered by the Board ofApproval as per guidelines in Appendix-14-IM.