confronted with the Statement of outstanding exports
furnished by his banker, to which he inter alia stated that so far as the exports
made ... export proceeds to the tune of Rs. 40,06,34,929/- covered
under 135 GRs by M/s Beeta Exports, were outstanding. This matter pertaining
notice that there were instances
where exporters had not surrendered export incentives in respect of
export bills for which “write-offs” were permitted by their ... With a view to ensuring that exporters invariably surrender the
export incentives in respect of export bills for which they seek “write-
off”, authorised dealers
ground that the export documents demonstrated that the
underlying exports had been made within the permissible 450-
day period, although these export documents were delivered ... delivery
schedule as per export contracts. In many cases, the exporters have
to procure raw material, manufacture the export product and keep
the same ready
fresh export bills in favor of
the company for converting pre-shipment credit in to post-
shipment credits when overdue export bills outstanding in
export ... Crystallized Export bill You allowed adjustment of both the bills
under reference no. BGD00122312 with BGD00122312 & BGP00124812 out of pre-
balance outstanding
Kolkata Regional Office to Plaintiff/Petitioner dated 16.10.2008
regarding non-realisation of export proceeds.
(e) Punjab National Bank, being the negotiating Bank of the
Plaintiff ... Plaintiff/Petitioner from the Directorate of
Enforcement on 23.04.2013 regarding outstanding export proceeds
for consignments sent to the importers in Bangladesh being the
Defendant
Kolkata Regional Office to Plaintiff/Petitioner dated 16.10.2008
regarding non-realisation of export proceeds.
(e) Punjab National Bank, being the negotiating Bank of the
Plaintiff ... Plaintiff/Petitioner from the Directorate of
Enforcement on 23.04.2013 regarding outstanding export proceeds
for consignments sent to the importers in Bangladesh being the
Defendant
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
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
directed as below with respect to the authorisations in which export
obligations is outstanding:
This is a digitally signed order.
The authenticity of the order ... accepted.
16. With regards to the authorisation in which export obligation is
outstanding, M/s ABB India Limited shall make a request under
seen that Debtor by the name of M/s Hero Exports was having a
debit balance ofRs. 17661526/- as on 31.03.2012 and debit balance ... view
of the fact that huge amounts were outstanding from both M/s
Hero Exports Ltd. and M/s Hero Motors Ltd. the same
