Deductions of capital expenditure on buildings and machinery

Mechanisms of investment encouraged under customs  and excise Act for people  to  build industries in  which they install machinery in buildings to be bonded by  customs and excise department in terms of products they make may be meant for export so that on being  bonded can only be released through a mechanism allowed by the customs department.

Schedule 24a of the second schedule gives rates for Nairobi, Mombasa and other towns.

By 1992, Para 24B was introduced into the 2nd schedule to take care of   deductions of expenditure on machinery for use in the EPZ.
When paragraph 24 B is operational, paragraphs 24 and 24A will not be available to   industries under the export processing zones


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