follows:
5
1. Actual exports (i.e., shipment) would commence
from 01.11.2010;
2. The exportable surplus is identified as 55 lakh
bales in respect ... cotton (5201);
3. There would be no registration after the
exportable surplus is reached.
In pursuance of the above decisions of GoM., the
office
export-turnover or not. In our view, going by
the definition of the export-turnover, the aforesaid amount was
realised in connection with the export ... export the
aforesaid surplus would not have been realised. Hence, this
surplus realisation is certainly relatable to the export. Therefore,
we hold that this
from the export that the appellant made. This
excess realization is inextricably linked to the export made by the assessee.
Had the export not been ... export the aforesaid surplus would not have been
realized. Hence, this surplus realization is certainly
relatable to the export. Therefore, we hold that this
assessee had not
taken into consideration the reserves and surpluses of M. K.
Shah Exports Ltd. as on the dates of loan ... assessing officer failed to
include the reserve and surplus of M. K. Shah Exports Ltd. with
that of Safari Capitals Pvt. Ltd. for the aforesaid
permitted to be imported or exported have been complied with".
" Section 11 . Power to prohibit importation or exportation of goods ... country by the uncontrolled import or export of gold or silver;
(g) the prevention of surplus of any agricultural product or the product of fisheries
accumulated profits in the form of reserves and surplus of M. K. Shah Exports Ltd., through a device of commercial transactions in acquiring RBI Relief
became payable by the assessee to the said K. A. Export Corporation, in this account.
6. The above two accounts, viz., the Commission account ... rupee was devalued and, therefore, the surplus arising therefrom took the character of a revenue receipt. This surplus arose in the course of the trade
Kulwant Rai, is a firm carrying on, inter alia, the business of export and import of Iron and Steel materials and acts as 'handling ... Hindusthan Steel Ltd., which were surplus in their hands.
(b) In consideration of the said export the petitioner would be permitted to import steel materials
account with WLF, in which account the surplus realised by WLF over the list price of goods exported was credited and deficiency of sale made
that the State of Haryana is a surplus State in foodgrains but there was a ban on export of maize from the said State imposed
