![Export Incentives such as Duty Draw Back and MEIS, Assessable as ‘Profits or Gains from Business or Profession’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Export-Export-Incentives-Duty-Draw-Back-MEIS-Profits-or-Gains-Profits-Gains-Business-or-Profession-Business-Profession-ITAT-Income-tax-Taxscan.jpg "Export Incentives such as Duty Draw Back and MEIS, Assessable as ‘Profits or Gains from Business or Profession’: ITAT [Read Order]")
Export Incentives such as Duty Draw Back and MEIS, Assessable as ‘Profits or Gains from Business or Profession’: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Vishakhapatnam Bench, has recently, in an appeal filed before it, held that export incentives such as duty...
![CBIC notifies Foreign Currency Conversion Rates for Import and Export of Goods effective from Today [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/03/CBIC-CBIC-notifies-Foreign-Currency-Conversion-Rates-Import-Import-and-Export-Taxscan.jpg "CBIC notifies Foreign Currency Conversion Rates for Import and Export of Goods effective from Today [Read Notification]")
![Place of Removal is port from Where Goods are Exported, in case of Export: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/port-Where-Goods-exported-case-of-Export-CESTAT-TAXSCAN.jpg "Place of Removal is port from Where Goods are Exported, in case of Export: CESTAT [Read Order]")
Minor Deficiency in processing leather does not make it as not fully finished, allowable to Free Export: CESTAT
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT) of Chennai Bench has held that a minor deficiency in processing leather does not make it as not fully finished and is allowable for...
Negligence of CHA resulted in attempt of Fraudulent Export: CESTAT reduces Penalty u/s 114AA to Rs. 2 Lakhs [Read Order]
The Ahmedabad bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) reduced the penalty under section 114AA of the Income Tax Act, 1961 to Rs. 2 Lakh for the negligence...
![Negligence of CHA resulted in attempt of Fraudulent Export: CESTAT reduces Penalty u/s 114AA to Rs. 2 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Fraudulent-Export-Fraudulent-Export-CHA-CESTAT-Penalty-Customs-Excise-Service-Tax-Taxscan.jpg "Negligence of CHA resulted in attempt of Fraudulent Export: CESTAT reduces Penalty u/s 114AA to Rs. 2 Lakhs [Read Order]")
Relief to Idex India: CESTAT recognises Services to Overseas are Export, eligible for Refund of Cenvat Credit [Read Order]
The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), recognised services to overseas are export, eligible for refund of cenvat credit and held eligible for a refund...
![Relief to Idex India: CESTAT recognises Services to Overseas are Export, eligible for Refund of Cenvat Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Idex-India-CESTAT-Services-Services-to-Overseas-Export-Refund-Cenvat-Credit-Taxscan.jpg "Relief to Idex India: CESTAT recognises Services to Overseas are Export, eligible for Refund of Cenvat Credit [Read Order]")
CBIC instructs to implement holding of export quotas of Sugar Mills as per DFPD Letter [Read Instruction]
The Central Board of Indirect Taxes and Customs (CBIC) has recently released instructions regarding reallocation and holding of export quotas of sugar mills. A restriction imposed by a government...
![CBIC instructs to implement holding of export quotas of Sugar Mills as per DFPD Letter [Read Instruction]](https://www.taxscan.in/wp-content/uploads/2023/01/CBIC-implement-export-export-quotas-Sugar-Mills-DFPD-DFPD-Letter-Taxscan-1.jpg "CBIC instructs to implement holding of export quotas of Sugar Mills as per DFPD Letter [Read Instruction]")
Establishment of Identity and Genuine Export of CPC: CESTAT allows Free Import under FTP [Read Order]
The New Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) allowed free import under Foreign Trade Policy (FTP) on establishment of identity and genuine export of Calcined...
![Establishment of Identity and Genuine Export of CPC: CESTAT allows Free Import under FTP [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Establishment-Identity-and-Genuine-Export-of-CPC-CESTAT-FTP-TAXSCAN.jpg "Establishment of Identity and Genuine Export of CPC: CESTAT allows Free Import under FTP [Read Order]")
Expiry of Six Months period u/s 18 FERA alone does not invoke duty to get Sale Proceeds of Repatriated Exports: Calcutta HC [Read Order]
A Single Bench of Calcutta High Court has held that mere expiry of the time period of six months prescribed under Section 18 of the Foreign Exchange Regulation Act, 1973 while rejecting the argument...
![Expiry of Six Months period u/s 18 FERA alone does not invoke duty to get Sale Proceeds of Repatriated Exports: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Expiry-of-Six-Months-period-FERA-invoke-duty-Sale-Proceeds-of-Repatriated-Exports-Calcutta-HC-Taxscan.jpg "Expiry of Six Months period u/s 18 FERA alone does not invoke duty to get Sale Proceeds of Repatriated Exports: Calcutta HC [Read Order]")
