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Delay in Export Proceeds Not a Sham; Assessee Rightfully Claims 22% DEPB Credit on FOB Value.
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....Merely because there had been a delay in the realization of export proceeds the Department’s conclusion that the entire transaction was a sham one had no basis and had to be rejected totally - DEPB credit claimed @22% of the FOB value by the assesse was rightly entitled - AT....
TaxTMI
TaxTMI