https://www.taxtmi.com/forum/issue?id=108206 Allegation concerns bogus purchases of duty free transferable licences traded via brokers and traders; licences bear unique identification numbers issued by the Directorate General of Foreign Trade, are verifiable and utilizable by Customs, and have online issuance to utilisation records. The tax authority has issued a notice challenging the genuineness of purchases and alleging that a trader in the chain made only entries and obtained VAT refunds, raising the need to rely on licence IDs, customs verification, online traceability, and transactional documentation to rebut the allegation. en-us Fri, 06 Mar 2015 21:43:12 +0530 Thu, 23 Jan 2025 15:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108206 Allegation concerns bogus purchases of duty free transferable licences traded via brokers and traders; licences bear unique identification numbers issued by the Directorate General of Foreign Trade, are verifiable and utilizable by Customs, and have online issuance to utilisation records. The tax authority has issued a notice challenging the genuineness of purchases and alleging that a trader in the chain made only entries and obtained VAT refunds, raising the need to rely on licence IDs, customs verification, online traceability, and transactional documentation to rebut the allegation. Discussion-Forum Income Tax Fri, 06 Mar 2015 21:43:12 +0530 https://www.taxtmi.com/forum/issue?id=108206