importing the scope of the term 'manufacture' from the SEZ Act, 2005 , being an
enactment subsequent to section ... that the scheme of income tax exemption
available to units in the SEZ u/s. 10A of the Act and units in the free trade
2010-Cus dated 19-03-2010 clarifying that supplies to SEZ units should be treated as exports and set aside the impugned order.
Aggrieved ... Rules all along. There is a separate definition for this word under SEZ Act, 2005 . As per this definition, supply of goods from Domestic Tariff
Excise Act, appeals against orders relating to rebate on goods supplied to SEZ, will lie to the Appellate Tribunal. The said proviso is reproduced below ... whether it can also mean supply of goods made to a SEZ in India which, under various provisions, acquires status of deemed export.
4. Heard
account of disallowance of expenses of Chennai SEZ Unit and
disallowance of depreciation of Chennai SEZ Unit respectively.
10. During the year under consideration, JCIPL ... vide order sheet hearing dated 09.03.2016. He noted that that the Chennai SEZ unit
has discontinued operations since 01.04.2009 which implied that the said unit
silver, gold and other jewellery items from the unit located in
SEZ, Sitapura Industrial Area, Sanganer, Jaipur. The assessee filed its
return of income ... entire
process involving the physical movement of goods out of the SEZ is
3
ITA No. 49/JP/2016
Shri Vinit Kumar Bora Vs. ACIT
that the definition of the term 'service' as
specified in SEZ Act cannot be imported in the income tax proceedings is
wrong ... linked with
normal import-export activity carried out by assessee from its SEZ units.
However, Ld. CIT(A) disregarded the claim of assessee after observing
crore u/s 80IAB in respect of profit from
Hyderabad SEZ Project. It was observed that the following expenses were
debited to the Profit ... were not fully/partly allocated
in the computation of profits of Hyderabad SEZ Project:-
a. Establishment charges Rs.2712.36. lacs
b. Finance charges
clarified
that trading nits can be set up in the SEZ. However, the modification
was made on 2.05.2006 in which it was made clear that ... deduction."
"We have also reproduced section 51 of the SEZ Act. As per this
section it is mentioned that notwithstanding anything inconsistent
therewith
Aerospace Engineering Limited,
Plot No.1 GMR, Hyderabad Aviation SEZ Limited,
Rajiv Gandhi International Airport, Shamshabad,
Hyderabad and another
... Petitioners
And
Union of India, through ... Secretary, Ministry
Of Commerce & Industry, SEZ Section, Udyog
Bhavaan, New Delhi and 5 others
... Respondents
! Counsel for the Petitioner : Mr. S. Niranjan Reddy
India introduced the concept of Special
Economic Zone (hereinafter referred to „SEZ‟) in India. Such zones
are specifically delineated duty free enclaves, which are deemed ... tariff
purposes. In order to increase the competitiveness of exporters,
the SEZs have been accorded special status and are provided with
a number
