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
compelled to sell its entire production in the export market.
According to M/s. Abhishek Exports, on account of total
restriction on DTA sales their ... minimize the cost of production in the
competitive export market, to deal with export surplus and to
provide for disposal of export products on cancellation
power generated for their captive purpose in the same premises and export surplus power to grid.
Explanation 2: If the Company is not willing ... maintenance purpose of the generating station through the dedicated line intended for export of power, the following conditions will apply:
(i) The Company
Pond'S Exports Ltd. vs Cce on 20 November, 2007
Equivalent citations: 2008(127)ECC83, 2008(153)ECR83(TRI.-CHENNAI), 2008(223)ELT193 ... personnel employed in particular industry. The appellants also manufacture footwear for export. Surplus production of such footwear/seconds are cleared in the domestic market. These
exigencies or otherwise, the surplus power is also to be treated as a capacity agreed to be exported to the grid.
7. Again ... letter dated 9th August, 2004, APERC directed the APTRANSCO to purchase surplus energy exported by the NCE developers on their reduction in captive consumption
allowed private exporters to procure wheat and rice from the open market. Till then the exporters were completely dependent on the FCI for the procurement ... sell the surplus quantities of wheat and rice for export through public sector undertakings such as Minerals and Metals Trading Corporation ('MMTC'), State
standards prescribed by the Export (Quality Control and Inspection) Act No.22 of 1963, the Merchant Exporters would export the dried fish to other countries ... Exporter. According to the said guidelines, the Merchant Exporter would be permitted to take only up to two merchant or manufacturer exporters of dried fish
facilities, it cannot be said that the income
is derived from the export business."
14.5 The above decision in K. Ravindranathan Nair ... income. An assessee who is engaged in the
business of exports and invests the surplus funds in fixed deposits will not be
able to treat
maintained by way of guarantee for export operations. Since, furnishing of guarantees is closely linked up with the export business, there is no reason ... totally unconnected with the export business of the assessee and simply by way of utilization for the surplus money of the assessee
Public Distribution System in their respective areas. Then you export only the surplus to the other States. All that you have
