reducing the royalty from Dabur Nepal (P) Ltd
chargeable @ 2% of FOB sale value as against the
royalty chargeable @ 7.5% as worked ... justified
in reducing the royalty from Dabur International
Ltd chargeable @ 2% of FOB sale value as against
the royalty chargeable @ 4% as worked
been shown at Rs. 86,78,925. He also observed that FOB value of the said goods had been shown ... further observed that while working out value of closing stock, FOB value of the goods lying at port was taken into account and that method
taxable in India, notwithstanding the fact that the sales were FOB French Port; (c) why not the provisions of Section 44D of the Income ... equipment made to the Government of India, though delivered in France FOB French Port as sales made in India and bring the profits accrued therefrom
table above. The customs duty as applicable was paid on the FOB value as assessed by the Customs on the basis of the export documents ... goods exported. There is no dispute with respect to the FOB value/transaction value of the export goods on which customs duty has been paid
Total turnover
7,54,66,221
Less : freight
54,11,239
FOB value
7,00,54,982
2. Export turnover
(a) Direct export ... Escorts
1,06,06,805
FOB value
3,39,84,783
3. Profits of the Business :
Income from business as computed
11,29,813
Less
Customs Authorities at Paradeep Port, for the period after 01.01.2009 declaring the FOB price of the said goods. It is their contention that the FOB ... Customs Act,1962, rejected the contention of the Applicant to treat the FOB price as cum-duty price for the purpose of determination of export
exporters classified the goods under ITC Code No. 9101 and declared FOB value at US $910 per piece. The consignment was examined by Customs officials ... watches was Rs. 37,56,312.00. As against this, the FOB value of the goods declared by the party
assessee from Dabur
International .Ltd., UAE to 2% on total FOB sales in place of royalty @ 3% of
FOB sales as determined ... assessee from Dabur
Nepal Pvt. Ltd., to 2% on total FOB sales in place of royalty @ 7.5% of FOB
sales as determined
indirectly to another person. As entered in the respective shipping bills, the FOB value realized by the exporter and reflected in the bank realization certificates ... FOB value realized was inclusive of the cess in dispute. The original authority had failed to examine the claims from unjust enrichment angle
USSR and not of any local sale.
(iii) The quotation of FOB Bombay price also indicated that its goods were not to be locally sold ... learned counsel, since in the present case the goods were sold FOB Bombay, the title in the goods continued to vest in the manufacturer
