erred in law and on facts in holding that outstanding export
receivable amounting to Rs.1,22,05,224/- is to be included in
export ... right in holding that interest allocation
excluded and outstanding export receivable is to be included in export
turnover for the purpose of calculating deduction
December 2009 to the petitioner, as regards the
remittance of an outstanding export proceeds for the bills with Standard
Chartered Bank is concerned, requested ... bank against the export document of cut and
polished diamond. The petitioner had accordingly adjusted the said
export documents against the outstanding of export gold
Suri, Assistant Manager, RBI
deposed that on 31.12.2006, outstanding export
from accused No. 1 was Rs. 23,70,124/-, however,
this record ... exported to a
warehouse established outside India with the
permission of the Reserve Bank, the amount
representing full export value of the goods
exported shall
core business of export of diamonds or the outstanding
receivables of export proceeds, in principle, the
impugned FCs constitute ―hedging transaction ... corresponding export invoice. So long as the total FCs
does not exceed the exports of the year plus
outstanding export receivable, the FCs can constitute
authorities in respect of the
exports having taken place. For evidencing realization of export
bills, the statement of outstanding export bills from Andhra Bank ... 2018
DCIT v. M/s Venkateswara Wires Pvt. Ltd.
statement of outstanding export bills as confirmed by the Andhra
Bank, it was clear that
forward contract and
corresponding export import so long as the total forward contrary do not
exceed to export plus outstanding receivable.
6. We have considered ... between forward contract and
corresponding export/import so long as total forward contract do not exceed
the export plus outstanding receivable. The revenue has failed
Paper Book are placed the
month-wise details of outstanding import creditors and outstanding export
debtors respectively, which clearly establish that the hedging done ... foreign exchange are on a
much lower level than the outstanding export receivables and import
liabilities. Be that
also not proved. Though, it is mentioned
that plaintiff company was exporting its products to over 40 countries however,
no such document has been placed ... averments with respect to winning award by the plaintiff company for
outstanding export performance has also not been proved. The record further
reveals that
amounting to Rs.3,53,61,363/- being export proceeds that were
held to be unrealised.
12
ITA No.883/Del/2008 ... submitted evidences regarding realisation of export proceeds after
24/10/05. It was submitted that total export proceeds
outstanding as on 24/10/05 amounting
assigned
to the loan account of M/s.Morvi Exports on 26.11.2014. Thus, the
outstanding number of PCL account became 5 i.e., earlier ... above said account of M/s. Morvi Exports and the amount was shown as
outstanding balance along with interest. The above said facts
