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Income Tax - Highlights / Catch Notes

Home Highlights January 2012 Year 2012 This

Meaning of Export for the purpose of ection 10B -There will be ...


Section 10B: Export Not Recognized if Sold Domestically Without Customs Clearance in India.

January 25, 2012

Case Laws     Income Tax     HC

Meaning of Export for the purpose of ection 10B -There will be no export out of India if two conditions are cumulatively fulfilled, (a) it is a transaction by way of sale or otherwise in a shop, emporium or establishment situate in India, and (b) that it does not involve clearance in any customs station as defined in the Customs Act..... - HC

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