Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
The Policy Circular No. 04/2024 issued by the Directorate General of Foreign Trade provides relaxation in the requirement of submitting 'Bill of Export' as evidence of export obligation discharge for supplies to SEZ units under Advance Authorisation/DFIA schemes made before 01.07.2017. The circular states that exporters can now submit alternative evidence including ARE-1 attested by Central Excise/GST Authorities, proof of receipt of supplies by the SEZ unit, and evidence of payment by the SEZ unit to the exporter. This relaxation is u/s Para 2.59 of the FTP and aims to address hardships faced by exporters in complying with the previous requirement.
The Policy Circular No. 04/2024 issued by the Directorate General of Foreign Trade provides relaxation in the requirement of submitting 'Bill of Export' as evidence of export obligation discharge for supplies to SEZ units under Advance Authorisation/DFIA schemes made before 01.07.2017. The circular states that exporters can now submit alternative evidence including ARE-1 attested by Central Excise/GST Authorities, proof of receipt of supplies by the SEZ unit, and evidence of payment by the SEZ unit to the exporter. This relaxation is u/s Para 2.59 of the FTP and aims to address hardships faced by exporters in complying with the previous requirement.
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