request of
exporter was pending with them for allowing set off/write
off against unrealized export proceeds as it is for the
exporter to bring ... against the 27 outstanding
GR-I Forms. The outstanding got later on reduced to Rs 1.1
Crore comprising of 13 outstanding GR-1 Forms which
para,
which reads as follows:
"...In case there is an outstanding export commitment under EPCG
scheme/Advance Authorization Scheme, it will follow the procedure ... context of the aforesaid, it was submitted that the outstanding
export commitment under the advance authorization scheme qua the existing
DTA unit was carried forward
creates a rebuttable legal presumption reverse
burden against the exporter to the effect that the exporter had not taken
requisite steps to obtain repatriation ... stand that insofar
as reasonable steps for realisation of the export outstanding is
concerned, it only requires a subjective analysis and according to the
petitioners
export advances aggregating to Rs.277.14 lacs during the
period 2010, remained unutilized. The bank asked the company to
submit export documents against outstanding
judis
Crl.A.Nos.741 & 805 of 2017
CBI explaining Export Outstanding Statement (XOS); P.W.9,
C.Srivasalu, Then Assistant Commissioner, Export Examination
speaks about Ex.P14, letter dated 11.07.2008 to
CBI explaining Export Outstanding Statement ... Srivasalu, Then Assistant Commissioner, Export Examination,
ACC, speaks about Ex.P17 to P.76, particulars of 60 shipping bills,
procedures to be followed
judis
Crl.A.Nos.741 & 805 of 2017
CBI explaining Export Outstanding Statement (XOS); P.W.9,
C.Srivasalu, Then Assistant Commissioner, Export Examination
account and the entire
outstanding of Ram Textiles was settled on 15.04. 2011; the outstanding loan
amount of Morvi Export was Rs.12.57 crores ... time, lastly
bank gave the account statement which revealed that outstanding of Morvi
Export
admitting the liability to pay to Plaintiffs the amount of the outstanding
Exports Bills of the Foreign buyers in view of the Post Shipment Credit
export. We do not find
fault with above approach of the learned Assessing Officer
confirmed by the learned CIT (A). Moment export proceeds
remain outstanding ... transaction of export. Thus there is an
international transaction of overdue outstanding of export
receivable from AE which is separate from international
transaction of export
