CBEC mandates statutory auditor review for SAD refund correlation; refund approved after importer's accounts examination.

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Full Text of the Document

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....Refund of SAD - The main misgiving on the part of the Revenue authorities is that the correlation cannot be established beyond doubt - CBEC has made the requirement that such correlation is to be examined and certified by the statutory auditor/CA after examining the books of accounts of the importer - refund allowed - AT....