Condonation of Delay denied: communication lapses and corporate restructuring found insufficient; prolonged inaction and lack of bona fides led to ref...
Page of 4821
Press 'Enter' after typing page number.
6161 to 6180 of 96408 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Prescribes handling of show cause notices for non-realisation or short realisation of export proceeds where scrutiny of DGFT e-BRCs indicates a shortfall against FOB value. It reiterates CBIC guidance that deductions for agency commission and foreign bank charges may be regularised on merits within an overall limit of 12.5% of FOB, subject to supporting documents such as export invoices and bank confirmation of foreign bank charges. Exporters are directed to submit proof of realisation and, where shortfall is claimed, the requisite documentary justification along with the reply to the notice. Where shortfall persists and supporting proof is not furnished with the reply, adjudication must include a personal hearing opportunity before decision.
Prescribes handling of show cause notices for non-realisation or short realisation of export proceeds where scrutiny of DGFT e-BRCs indicates a shortfall against FOB value. It reiterates CBIC guidance that deductions for agency commission and foreign bank charges may be regularised on merits within an overall limit of 12.5% of FOB, subject to supporting documents such as export invoices and bank confirmation of foreign bank charges. Exporters are directed to submit proof of realisation and, where shortfall is claimed, the requisite documentary justification along with the reply to the notice. Where shortfall persists and supporting proof is not furnished with the reply, adjudication must include a personal hearing opportunity before decision.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4821 
Join Channel 
