Deduction-Export of goods- Export of goods purchased from EOU units

Last updated: 22 September 2007

Court :
ITAT, Jaipur

Brief :
The assessee was a registered merchant exporter. On receipt of orders directly from abroad it purchased goods from various parties including some purchases made from EOU units. These units were entitled to deduction under s.10B. The benefits only under Central Excise Act were passed on to the said EOU units by way of disclaimer article. The assessee was entitled to deduction under s.80HHC in respect of export of purchased goods including goods purchased from EOU units. Exports, Third country trade - Goods purchased and exported abroad, Export out of India The assessee purchased goods abroad in a country and sold them in a third country without bringing them to India. The assesee was entitled to deduction under s.80HHC.

Citation :

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CMA Gul S
Published in Income Tax
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