Condonation of Delay: directoral disputes and pending company proceedings can constitute reasonable cause, allowing a belated return to be treated as ...
Revisionary jurisdiction under section 263 upheld; faceless assessments subject to revision when AO fails requisite enquiries, remitted for fresh asse...
Limited scope of processing under section 143(1): enhancement without show cause is unsustainable; remand for residency, taxation and TDS verification...
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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