Section 9(1)(a) in The Special Economic Zones Rules, 2003
(a)the duty shall be levied on such goods on the depreciated value thereof [* * *] [Omitted words "or on the transaction value, whichever is higher" by Notification No. G.S.R. 305(E) dated 11.5.2004 (w.e.f. 22.7.2003)], at the rate in force on the date of filing of the bill of entry;