Exemption u/s 10 B on sales to SEZ
This query is : Resolved
20 March 2009
We are 100% EOU, can we be benefited u/s 10 B on sales made to SEZ if we get the sale proceeds in foreign currency. The shipping bill through which our customer ie sez exports includes our name also. Pl clarify with case laws if any.
20 March 2009
No You can't. Dont able to recall the case law, but if you go through the essential conditions of Section 10B, it concludes that first their should be export.
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