Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

2016 (8) TMI 143 - DELHI HIGH COURT

2016 (8) TMI 143 - DELHI HIGH COURT - TMI - Failure to fulfill export obligation - EPCG scheme - The petitioner seeks a review of the aforesaid judgment on the ground that the exports obligation was met in terms of Deutsche Mark (DM) and its rupee equivalent ought to have been adjusted against the export obligation mentioned in rupee terms. - Held that:- If only the Rupee specified amount is met, it would result in reduction in quantum of foreign currency (US$) and would provide an unintended re .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

itioner. - REV. PET. 55/2015 in LPA 582/ 2003 - Dated:- 15-7-2016 - MR. S. RAVINDRA BHAT MR. NAJMI WAZIRI JJ. Petitioner Through: Mr. Sh. Chinmoy Sharma and Sh. Ashish Rana, Advocates. NAJMI WAZIRI, 1. This petition seeks a review of the judgment dated 10.10.2013 whereby above noted LPA No. 582 of 2003 was dismissed. The facts of the case are that in terms of the prevalent EPCG scheme, the petitioner had imported machinery at a concessional rate of customs duty .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

arged in freely convertible currency. The freely convertible currency was specifically mentioned as US $, therefore even if the rupee value of the export obligation was indicated in the licence, the equivalent value in dollar had to be met. 3. The petitioner seeks a review of the aforesaid judgment on the ground that the exports obligation was met in terms of Deutsche Mark (DM) and its rupee equivalent ought to have been adjusted against the export obligation mentioned in rupee terms .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version