Customs Broker licensing proceedings fail when their offence-report foundation collapses and authorisation, advisory, and KYC duties remain unbreached...
Tariff classification of Digital Axle Counters affirmed as electro-mechanical railway signalling equipment, eliminating duty, confiscation and penalty...
For export refunds under rule 89(4), net input tax credit, turnover of zero-rated supply and adjusted total turnover must correspond to the same relevant period. Export invoices for goods intended for export are issued before or at removal of goods; their value is included in zero-rated turnover where issued during that period, even if the goods are exported later, provided actual export is established. Refund cannot be denied solely because export occurred after the relevant period. An objection that certain input tax credit was inadmissible did not affect the sanctioned refund because the maximum computable refund remained higher than the amount claimed. The departmental appeal was dismissed.
For export refunds under rule 89(4), net input tax credit, turnover of zero-rated supply and adjusted total turnover must correspond to the same relevant period. Export invoices for goods intended for export are issued before or at removal of goods; their value is included in zero-rated turnover where issued during that period, even if the goods are exported later, provided actual export is established. Refund cannot be denied solely because export occurred after the relevant period. An objection that certain input tax credit was inadmissible did not affect the sanctioned refund because the maximum computable refund remained higher than the amount claimed. The departmental appeal was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
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