TaxTMI 
TaxTMI 
Central excise refund - state JAmmu & Kashmir
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....entral excise refund - state JAmmu & Kashmir<br> Query (Issue) Started By: - varun singla Dated:- 8-12-2009 Last Reply Date:- 8-12-2009 Central Excise<br>Got 1 Reply<br>Central Excise<br>I want to dis....
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....cuss about the latest judegment of the tribunal about the central excise refund in the states like jammu and kashmir where the tribunal has held that the central excise duty refund given to the indust....
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....rial unit is considered their income and tribunal held that industrial units have to give income tax on the central excise refund they are getting .In my view this decision is wrong ,as the department....
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.... is doing wrong interpretation of the excise duty notification under which refund was given to the industrial units in jammu and kashmir. Reply By Rama Krishana: The Reply: I am in total agreement wi....
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....th your view since it is a different than duty drawback or depb or export promotion schemes. In my view, the exemption granted to units in Jammu and Kashmir (and various other parts of India) by way o....
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....f refund can not equated with the or considered as Income From Other sources.<br> Discussion Forum - Knowledge Sharing ....