head Other Income such as vatav kasar, rent, bank
fixed deposit interest, duty drawback, profit from Gokulanand
Petrofibre would not be eligible for deduction under ... Margin
Vatav
Kasar
Rent
Bank
FD-Interest
Duty
Drawback
Other
Incomes
Profit
Gokulanad Petrofibre
00.00
1328874.12
62000.00
7445286.94
5577675.00
4992.00
12303170.81
-----------------
26721998.90
In such return
duty drawback scheme has been sanctioned but the appellants are ready to pay back the duty drawback claimed along with interest till the date when ... authorities concerned with a proof of payment of duty drawback along with interest for conversion of their shipping bill from drawback scheme to advance licnece
entitled to receive Rs. 2,37,705/ on account of
drawback/interest loss due to negligence of plaintiff and defendants are
still entitled ... receive any amount of Rs.
2,37,704/ on account of drawback/interest loss nor there was any
negligence on the part of plaintiff
case of a Duty Drawback/DEPB and not of deduction i/s
80IC, there it was held that Duty Drawback and DEPB are independent
source ... other source of income like
interest or DEPB or Duty Drawback or interest on FDR. On the contrary,
both the lower authorities by apportioning
Government dues' means any duty or drawback to be
recovered from any person or any interest or penalty payable
by any person under
that there was delay
beyond two years and, therefore, refund of duty/drawback under
Section 74 cannot be granted without extension of time by CBEC ... imposed as
penalty contrary to law:
(iv) To award interest to the Petitioner on the drawback
amount of Rs.1,49,207/- from the date
deduction u/s 80-IB of the Income tax Act, 1961 on interest of late
payment of sale proceeds from debtors amounting ... cent of not the gross rent or gross interest but
only the net interest or net rent, which has been included
such duty and interest, if any, paid
on such duty to any other person;
(b) the duty and interest, if any, paid on such duty ... such duty and
interest, if any, paid on such duty to any other person;
(b) the duty and interest, if any, paid on such duty
claimed a duty
drawback
of an amount approximately of Rs.50 Crores without actually
exporting any goods and had received the drawback in the name ... Central Excise Duties (Drawback) Rules,
1995 by the Drawback Department, Air Cargo Complex demanding the amount
together with interest. According to the Customs Authorities, during
Commissioner of Customs, Drawback Department vide Adjudication Order No. S/10-7/97 DBK/ACC dated 27.12.1997 confirmed the demand of drawback amounting ... before the Assistant Commissioner of Customs, Drawback in the case of erroneous payment of duty drawback to M/s Tropical Exotics, Shri Nawal Kishore Bangard
