Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Customs - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Bonafide exporter - Appellant failed to establish whether it has ...


Exporter Fails to Prove Foreign Exchange Earnings from Imports, Undermining Public Interest: A Case of Compliance Failure.

March 3, 2015

Case Laws     Customs     AT

Bonafide exporter - Appellant failed to establish whether it has earned any foreign exchange out of the use of the imported goods exporting goods. In absence of earning of foreign exchange for the country, public interest is defeated - AT

View Source

 


 

You may also like:

  1. Foreign Exchange Management (Export and import of Currency) (Amendment) Regulations, 2019

  2. Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified

  3. Definitions - Regulation 2 of the FOREIGN EXCHANGE MANAGEMENT (FOREIGN EXCHANGE DERIVATIVE CONTRACTS) REGULATIONS, 2000 as amended

  4. See Regulation 4 - Permissible foreign exchange derivative contract - - Schedule I of the FOREIGN EXCHANGE MANAGEMENT (FOREIGN EXCHANGE DERIVATIVE CONTRACTS)...

  5. Permission to enter into a foreign exchange derivative contract - Regulation 4 of the FOREIGN EXCHANGE MANAGEMENT (FOREIGN EXCHANGE DERIVATIVE CONTRACTS) REGULATIONS,...

  6. Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2019

  7. TP Adjustment - When foreign exchange loss is to form part of the total base of the taxpayer for the purpose of charging a mark up to its AEs as it drives income from...

  8. Banks failed to exercise due diligence by opening letters of credit and remitting foreign exchange despite non-submission of bills of entry and other mandatory documents...

  9. RBI amended Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 to allow resident exporters to open, hold and...

  10. This public notice amends Appendix 2Y of the Foreign Trade Policy 2023 to exempt goods imported under Advance Authorisation, EOU, and SEZ schemes from mandatory Quality...

  11. Contravention of Sections 8(1), 8(3), 8(4) read with Section 64(2) of the Foreign Exchange Regulations Act, 1973 involving export of consignment from India to Singapore...

  12. Clarifications regarding Refunds of IGST paid on import in case of risky exporters

  13. Valuation - Rate of Exchange - goods are supplied within India and billing is to be done in foreign currency - Rule 34 of the Rules is to be applied for valuation of...

  14. The corrigendum issued by the Directorate General of Foreign Trade corrects the import quantity of Filter Aid in relation to SION E-124 for the export item Refined...

  15. The DGFT has extended the import policy conditions for Yellow Peas (ITC(HS) Code 07131010) from February 28, 2025, to May 31, 2025. This extension maintains the "Free"...

 

Quick Updates:Latest Updates