Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Supreme Court: Advance Licence Transfer Adds to Assessable Value; Authorities to Resolve Disputes and Protect Revenue.</h1> The circular addresses the transfer of an Advance Licence from a buyer to a seller, allowing the seller to import duty-free raw materials, thus reducing production costs. The Supreme Court ruling in the case of CCE Bhubaneshwar-II vs. IFGL Refractories Ltd. established that such a transfer constitutes additional consideration from the buyer to the seller, which must be included in the assessable value. The directive instructs relevant authorities to resolve pending disputes in line with this judgment and issue necessary notices to protect government revenue.
TaxTMI 
TaxTMI 
