Transfer pricing comparables and operating income principles applied to software development services, with exclusions, inclusions, and tax credit ver...
Transfer pricing on performance guarantees and overdue receivables deleted where warranty obligations were embedded and working capital adjustment alr...
Goods cleared from an SEZ into the DTA on payment of applicable customs duties are to be treated as imported goods for purposes of drawback on re-export under Section 74 of the Customs Act, 1962. The instruction notes that SEZ-to-DTA movement attracts customs duty under the SEZ Act, and that such goods, once duty-paid and re-exported, satisfy the statutory conditions of being previously imported and capable of easy identification. Field formations are accordingly directed to process drawback claims on that basis, and earlier divergent practices are addressed through this clarification.
Goods cleared from an SEZ into the DTA on payment of applicable customs duties are to be treated as imported goods for purposes of drawback on re-export under Section 74 of the Customs Act, 1962. The instruction notes that SEZ-to-DTA movement attracts customs duty under the SEZ Act, and that such goods, once duty-paid and re-exported, satisfy the statutory conditions of being previously imported and capable of easy identification. Field formations are accordingly directed to process drawback claims on that basis, and earlier divergent practices are addressed through this clarification.
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