Depreciation norms for Import of used Motor Vehicles into India


Dated 29th June 2012

For every quarter during 1st Year 4%
For every quarter during 2nd Year 3%
For every quarter during 3rd Year 2.5%
For every quarter during 4th Year 2%
Instruction apply from 26 May, 1993.
(Ref. F.No. VIII/1/Cus/T/93 dated 15.06.93)of Central Board of Excise & Customs

SOURCE: GOVERNMENT OF INDIA

 

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