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
notification in the Official Gazette :
Refund amount
=
(Export turnover of goods + Export turnover of services)
W
Net CENVAT credit
Total turnover
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
capital audit. All these services such as, Management Maintenance and Repair services, Chartered Accountant service, Commercial Training or Coaching services are included in the inclusive ... taken on input services x export turnover
Total turnover
1.
Export turnover & total credit taken on input services
A) Export turnover of taxable services
export turnover is to be reduced from total
turnover as well for the purpose of arriving at deduction in
ratio export turnover to total turnover ... namely, the export turnover. In other words, to arrive at a
fair computation of the deduction, the export turnover and
the total turnover have
export turnover and total turnover in these
sections. There is no reason why such parity cannot be
maintained between export turnover and total turnover ... export turnover' in the sense that whatever is
excluded from the export turnover should also be excluded-from
the total turnover, more particularly when
services during the given period W export turnover w Total turnover.
Illustration : If total credit taken on input services for a quarter = Rs. 100
Export ... Total turnover means the sum total of the value of, -
(a) all output services and exempted services provided, including value of services exported
appellant has failed to establish that such services are necessary for providing the output services and that therefore the rejection of refund is proper ... inputs services X export turnover
Total turnover
(i) (A) Export turnover of taxable service = Rs.49,21,17,614
Domestic turnover of taxable service
section 10A has
defined 'export turnover' and has clearly been provided that export turnover
does not include freight, telecommunication charges or insurance
attributable ... indirectly included in the export turnover of the assessee and
therefore it has to be necessarily reduced from the export turnover for the
purpose
considered as realization
of "export turnover" and as a part of export turnover for the purpose of a
computation of deduction under section ... allows exclusion of such expenditure only from export
turnover by way of specific definition of export turnover as
envisaged by sub-clause(4) of Explanation
from export turnover. Therefore, as against Rs.
26.03 Crores of export turnover, the AO determined the export
turnover at Rs. 3.28 Crores. Accordingly, the deduction ... exclude the above amounts from either export turnover or total
turnover, as the profit enhanced cannot become turnover. The
ground is considered allowed
