made at international rates only where furnace oil
was an exportable surplus and where furnace oil was not an exportable
surplus, "the oil companies ... later than 31st March 1998 since there was
no exportable surplus and due to non-availability of facilities at port
locations.
3. Whether furnace
analogy, an assessed who is engaged in the business of exports and invests the surplus funds in fixed deposits will not be able to treat ... that if an assessed which is engaged in the business of exports, invests surplus funds in fixed deposits and earns interest thereon, such income cannot
relevant as
the same were not applicable to goods meant for export. According to
him, the price circulars issued by respondent-claimant from time ... diverted to international market was sold in the domestic market
as „export surplus goods‟. Mr. Jain submitted that petitioner-objector
had not led any evidence
subject to registration of export contracts with Textile
Commissioner, Mumbai. Now, the export of cotton yarn has been
restricted and export will now be permitted ... grant of export
licence would be notified once the quantity of exports already
made has been ascertained and the extent of exportable surplus
has been
subject goods as
compared to India and generate huge production and exportable surplus
capable of overtaking the entire Indian market. (iv) Export orientation of
producers ... Surplus as % of Production 54% 32%
8 Surplus as % of Domestic Demand 101% 58%
9 Surplus as % of Global Export 118% 73%
10 Freely disposable
Code'). His case is that he is doing business as Exports Surplus Cloth Merchant and the defendant No. 1 who is doing the business
surpluses and
cancelled order of both branded and unbranded clothing from
factories in India. Amongst the branded goods the defendants were
exporting and offering ... Rohit Fashions is a
proprietary firm of Rohit Bajaj, which is exporting surplus garments
bearing various brands including TIMBERLAND which it procures in
bulk from
metals in which the country is deficient or does not have exportable surplus, a stipulated share of production would have to be made available
metals in which the country is deficient rodeos not have exportable surplus, a stipulated share of production would have to be made available to meet
assessee/respondent, who is a 100 percent exporter of
readymade garments had surplus funds which were put in a fixed deposit
with the bank ... where the
assessee earns interest on account of „parked surplus funds‟ as also where
an exporter is mandatorily required to keep money in fixed deposit
