cost because the computation of the benefit is based
on the FOB value of exports; (iii) A DEPB entitlement is an incentive
without a cost ... apply for credit which is computed as
a specified percentage of the FOB value of exports made in freely
convertible currency. The export products
said DEPB Scheme, the Government granted certain percentage of credit on the FOB value of exports made by an exporter as per the schedule ... under:-
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Sr. Export product rate of Value for
credit as calculation
% of FOB DEPB
value of Entitlement
export
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14. Articles made of
Polypropylene not
elsewhere
entered into with export houses. The assessee received the
entire FOB value of the exports together with a payment which was
described as an export ... house premium of 2.25 % of the FOB value.
The Tribunal in that case held that the export house premium
received by the assessee was includible
Import of Rubber Chemicals CIF value had been restricted upto 7% of FOB value of Exports. Accordingly, value of the licence held by the petitioner ... treated as restricted to 7% of FOB value. The petitioner is also challenging the show cause notice dated 18th October, 1993 at Exhibit
with corresponding export obligation attached thereto of exporting goods of the FOB value in the sum of Rs. 81,12,708/-. The said licence ... with corresponding export obligation attached thereto of the FOB value of Rs. 81,12,708/- is also not in dispute.
19. Mr. Rana urged that
Narang Hotels And Resorts Pvt. Ltd. vs State Of Maharashtra And Ors. on 9 October
Abdulgafar A. Nadiadwala vs Assistant Commissioner Of Income Tax ... on 29 March, 2004
Equivalent citations
exporter is eligible to claim credit as a specified percentage of FOB value of exports made in freely convertible currency. The credit is available against
exporter shall be eligible to claim credit as a specified percentage of fob value of exports made in freely convertible currency. The credit shall
said Pass Book exported their products as under:
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Shipping
Bill No. Item FOB Value
& Date Rs.
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724928 - 02.02.96 Amplicillin Capsules
