https://www.taxtmi.com/caselaws?id=244467 DTA clearances made against Advance Authorisation, where consideration was received in Indian currency, were treated as admissible for Net Foreign Exchange computation and export-obligation fulfilment because the monitoring guidelines included supplies under paragraph 6.9 of Chapter 6 of the Exim Policy. The clause relied on to exclude such clearances had been deleted from the Foreign Trade Policy with effect from 1 April 2006 and was not in force for the relevant period. The record also noted a final exit order for the unit, and no contrary provision was shown to disqualify the supplies. Accordingly, the demands and penalties could not be sustained. en-us Mon, 25 Nov 2013 00:00:00 +0530 Thu, 25 Jun 2015 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244467 DTA clearances made against Advance Authorisation, where consideration was received in Indian currency, were treated as admissible for Net Foreign Exchange computation and export-obligation fulfilment because the monitoring guidelines included supplies under paragraph 6.9 of Chapter 6 of the Exim Policy. The clause relied on to exclude such clearances had been deleted from the Foreign Trade Policy with effect from 1 April 2006 and was not in force for the relevant period. The record also noted a final exit order for the unit, and no contrary provision was shown to disqualify the supplies. Accordingly, the demands and penalties could not be sustained. Case-Laws Customs Mon, 25 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244467