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
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
services outside India through its foreign branches and profits derived from rendering
technical services outside India were to be excluded from the export turnover while ... assessment order, submitted that the export turnover has been defined to mean
the consideration in respect of export (export sale made by the undertaking)
brought
refund which is as follows:-
Maximum Export turnover of goods + CENVAT credit availed
admissible export turnover of services during the period as reduced
refund ... Board by notification in the Official
Gazette:
(Export turnover of goods+
Refund amount = Export turnover of services) x Net CENVAT credit
Total turnover
Where
also directed the TPO not to
consider the export turnover filter as the services rendered by the
assessee were for the AE in India ... company viz. ICRA Management Consulting Services
Ltd. had low export earnings of 9.3%, hence the same failed the export
turnover filter of 75% and thus
from export turnover. It was also submitted that since
these expenses were not included in the export turnover reducing them from
export turnover ... arrive at the profit from export business, expenses excluded
from export turnover have to be excluded from total turnover also.
Otherwise, any other interpretation makes
Profits of business Rs.1426.95 crores
Export Turnover Rs.4678 crores
Total Turnover Rs.4732 crores
Deduction claimed Rs.1410.50 crores ... Reduction of expenses in foreign
currency and providing technical services outside
India from export turnover - Rs.1041,17,04,887/-
. c) Reduction of bad debts
form "export turnover". It was thus submitted that
the telecommunication expenses incurred by assessee should not be
reduced from export turnover while computing ... alternate plea of assessee for excluding the expenses from
export turnover and total turnover was also not found acceptable to AO. AO
therefore excluded
turnover
whereas income of tested party is 100% from exports. Accordingly this
company is to be excluded on the basis of 75% export turnover filter ... This company fails in the export turnover filter which is adopted by the
TPO. This company has an export turnover of 55% of its sales
assessee for
benchmarking of
provision of Market
Support Services to
its clients.
Export turnover filter
has already been
removed by this
office.
High turnover ... minimization and related Services,
energy management Cluster
Development, Asset
services Reconstruction &
Management
Services. It is a good
comparable.
• Export turnover filter
has already been
