2020 (8) TMI 736

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....cond respondent issued notice dated 20.09.2017 calling upon the petitioner to file statutory declaration forms and other documents as the petitioner claimed exemption on certain transactions. Thereafter, the second respondent also issued a personal hearing notice dated 06.05.2019. The petitioner appeared before the respondents and also made available certain documents. Not satisfied with the stand taken by the petitioner, the impugned order dated 31.08.2019 came to be passed and the total taxable turnover for the year 2015-16 under CST Act' 56 was determined as follows:- Total turnover determined Exemption Allowed     : Rs. 1202,39,52,635/- Stock Transfer : 7532110430 :   Sales against For....

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.... with the rectification order dated 23.10.2019. 4. The learned counsel appearing for the petitioner reiterated all the contentions set out in the affidavit filed in support of this writ petition. 5. The writ prayer is strongly opposed by the respondents who have filed the counter affidavit. The learned Special Government Pleader submitted that the orders impugned in this writ petition do not warrant any interference. 6. I carefully considered the rival contentions and went through the materials on record. 7. As rightly pointed out by the learned counsel appearing for the writ petitioner, only two aspects call for perusal. The petitioner has claimed that even though they had entered into certain sale transactions, some of them we....

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.... Assessable value assessed by the customs authority is not an actual export value but the same was relating to the prevailing market value of the Foreign Currency as on the date of Export. The dealers explanations and details furnished in their reply were carefully examined. The dealers explanations are accepted and the quantity recorded in the shipping invoices are actually exported as per bill of lading noted in the direct export statement and there is no variation in the export quantity of finished goods between the invoices and shipping bill & bill of lading. The variation noticed in amount between the value as per reported turnover and shipping bill is due to exchange of dollars in to Indian Rupee and this variation is normal ....