important to appreciate the difference between "export turnover of
goods" and "export turnover of services"; considering Rule ... notification in the Official Gazette:
Refund amount = (Export turnover of goods +
Export turnover of services
x Net CENVAT Credit
Total turnover
Where,
(A) "Refund
input services like maintenance or management services; business auxiliary services; renting of moveable property services; bank and financial services; management consultant services; there ... services exported during the relevant quarter;
(b) the payments received during the relevant quarter for the services already exported; and
) export services whose provision
important to appreciate the difference between "export turnover of
goods" and "export turnover of services"; considering Rule ... notification in the Official Gazette:
Refund amount = (Export turnover of goods +
Export turnover of services
x Net CENVAT Credit
Total turnover
Where,
(A) "Refund
formula as prescribed under the
law.
Refund amount = (Export turnover of goods+ Export turnover of
services) x Net CENVAT credit________________________________
Total turnover
This formula ... turnover of the
appellant is export turnover, it cannot substitute 'Export Turnover'
with the billed amount, as the Export Turnover for a particular
following manner,
namely:-
Export turnover of services = payments received
during the relevant period for export services + export
services whose provision has been completed for which ... value of the goods cleared for export and
exported during the quarter.
2. Export turnover of the services determined in
terms of Clause
export turnover ratio i.e., to mean
Maximum refund =
Value of Exports x
CENVAT credit taken
Total value of
turnover
It is the submission ... CENVAT Credit Rules. However, she further submits that the definition of exports turnover services and total turnover was amended with effect from 1.4.2012 by Notification
notification in the
Official Gazette:
Refund amount = (Export turnover of goods+ Export turnover of services) x Net CENVAT credit
Total turnover
Where,-
(A) "Refund ... following manner, namely:-
Export turnover of services = payments received during the relevant period for
export services + export services whose provision has been completed for which
given period W export turnover w Total turnover.
Explanation : For the purposes of condition no. 5, -
1. Export turnover shall mean the sum total ... export turnover should be equal to the total turnover and the value of SEZ exports should be included in the export turnover (numerator). Accordingly
Board by notification
in the Official Gazette:
(Export turnover of goods+ Net
Refund
= Export turnover of services) x CENVAT
amount
Total turnover credit
Where ... following manner, namely:-
Export turnover of services = payments received during the
relevant period for export services + export services whose
provision has been completed for which
Board by notification
in the Official Gazette:
(Export turnover of goods+ Net
Refund
= Export turnover of services) x CENVAT
amount
Total turnover credit
Where ... following manner, namely:-
Export turnover of services = payments received during the
relevant period for export services + export services whose
provision has been completed for which
