Home Highlights May 2012 Year 2012 This

You may also like:

1. Scrutiny and revalidation of Registration Certificates(RCs) for export of cotton. - Cir. No. 24 Dated: March 20, 2012

2. Exemption of Tax – Export of cotton Yarn - Notice of pre-assessment - the notification leaves no restriction as to the subject of export to condition the grant of exemption - HC

3. 100% EOU - the waste generated during the manufacturing process of cotton blended yarn - predominating factor is of cotton waste, and waste is classifiable under Chapter...

4. Inter unit transfer of cotton and cotton yarn - two units of the same company having separate registration - cannot be treated as sale transaction - no tax liability - HC

5. Clearance of goods to DTA by an EOU - cotton yarn was manufactured out of indigenous cotton and imported wax, as wax was contained in the final product (yarn) - benefit...

6. Filing of applications for DEPB in cases of exports made under “EPCG Shipping Bills” for items “Cotton yarn including Melange yarn” from 01.04.2011 to 04.08.2011 and...

7. Clarification regarding registration of contracts of cotton and cotton yarn with DGFT. - Cir. No. 51(RE-2010)/2009-14 Dated: December 28, 2011

8. Filing of applications for DEPB to the RA concerned with “Free Shipping Bills” for exports of “Cotton yarn including Melange yarn” made from 01.04.2011 to 04.08.2011 and...

9. Restoration of DEPB benefit on export of ‘Cotton yarn including Melange Yarn’. – Circular 67 /2009-2014(RE 2010) Dated: August 4, 2011

10. Benefits of exemption - The Hank Yarn of others types of Yarns like Silk for Handloom Kancheepuram and Banarasi Silk Sarees, Khadi Slik, Linen fabric are also used by...

11. Rate of Tax - Yarn - this being an exemption clause, strict interpretation has to be given to such exemption clause, and there is no room for any liberal interpretation...

12. The case before CESTAT involved the classification of intermediate goods - polyester/cotton rove twisted yarn and nylon/cotton rove twisted yarn. The key issue was...

13. Classification of imported goods - Cotton Polyester Fabrics - Fabrics having the characteristics of Denim fabric cannot be equated with the Denim fabric itself, if it...

14. Stay on implementation and operation of the impugned sealing memos in relation to the Godown - the godown is used for the purpose of storing agricultural produce like...

15. Benefit of exemption notification -EOU - export of cotton waste generated in manufacturing of cotton yarn - the cost of production of the finished goods invariably...