https://www.taxtmi.com/circulars?id=8723 The instruction identifies improper allowances of export tax concessions-where export profits were offset by losses, incorrect application of the prescribed one tenth rate, misapplication of industry exclusions (notably the vegetable oils and vanaspati sector), and failures to verify temporal eligibility for items like woolen carpets-and directs Internal Audit Parties to review all such rebate allowances, take rectificatory action where necessary, and report the review results to the Board by the stated deadline. en-us Mon, 10 Aug 1970 00:00:00 +0530 Wed, 25 May 2011 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8723 The instruction identifies improper allowances of export tax concessions-where export profits were offset by losses, incorrect application of the prescribed one tenth rate, misapplication of industry exclusions (notably the vegetable oils and vanaspati sector), and failures to verify temporal eligibility for items like woolen carpets-and directs Internal Audit Parties to review all such rebate allowances, take rectificatory action where necessary, and report the review results to the Board by the stated deadline. Circulars Income Tax Mon, 10 Aug 1970 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8723