High Court Rules in Favor of EOU, Rejects Revenue's 2% Limit on Scrap Disposal, Upholds Higher Wastage Norms.

High Court Rules in Favor of EOU, Rejects Revenue's 2% Limit on Scrap Disposal, Upholds Higher Wastage Norms. https://www.taxtmi.com/highlights?id=25293 DTA sale by 100% EOU - wastage in production from Imported Blocks - Challenge the limit of disposal of reject/scraps - Revenue allowed only 2% - Development Commissioner had initially fixed ad hoc norms for wastage in production from Imported Blocks to the extent of 8.92% and wastage to the extent of 27.56% from indigenous blocks - order of revenue is illegal - HC en-us Tue, 13 Oct 2015 14:28:56 +0530 Tue, 13 Oct 2015 14:28:56 +0530 TaxTMI RSS Generator High Court Rules in Favor of EOU, Rejects Revenue's 2% Limit on Scrap Disposal, Upholds Higher Wastage Norms. https://www.taxtmi.com/highlights?id=25293 DTA sale by 100% EOU - wastage in production from Imported Blocks - Challenge the limit of disposal of reject/scraps - Revenue allowed only 2% - Development Commissioner had initially fixed ad hoc norms for wastage in production from Imported Blocks to the extent of 8.92% and wastage to the extent of 27.56% from indigenous blocks - order of revenue is illegal - HC Highlights Customs Tue, 13 Oct 2015 14:28:56 +0530 https://www.taxtmi.com/highlights?id=25293