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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Customs Form No. 119 Requires FIFO-Based Indigenous Material Stock Details, Supplier Info, and Excise Duty Disclosures</h1> This document is a customs form, specifically Form No. 119, related to the procurement and stock details of indigenous materials as per the FIFO principle. It requires listing the description, technical characteristics, and quantities of materials purchased, along with their assessable value and duty details. The form asks for information on the supplier, gate pass numbers, and whether duty assessments are final. It also mandates disclosure of any disputes or refund applications concerning excise duty. A certification section confirms the accuracy of the information, signed by an authorized agent and verified by an independent accountant.
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