Refund Dispute Over EPCG Scheme: Depreciation of Non-Payable Duty Affects Profitability, Not Transfer to Foreign Buyer.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Refund - import of capital goods under EPCG scheme - the depreciation of duty paid (though it was not payable) can only reflect on his profitability and it cannot be taken as a proof that he has passed on the incidence to the foreign buyer - AT....