Export benefits cannot be denied even when export proceeds are not realized
Last updated: 04 July 2015
Court :
Hon’ble CESTAT, New Delhi
Brief :
The Hon’ble CESTAT, Delhi held that Rule 19 of the Excise Rules permits export of the goods under bond/ Letter of Undertaking (LUT) without payment of duty, subject to following the procedure and conditions as may be prescribed. The Notification issued under Rule 19(3) of the Excise Rules prescribes the conditions and the procedure for this purpose and in this Notification, there is no condition that in respect of the goods exported, the export proceeds must be received within any stipulated period.
Citation :
Commissioner of Central Excise, Delhi-III Vs. Shyam Telecom Ltd. [(2015) 58 taxmann.com 117 (New Delhi - CESTAT)]
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Bimal Jain
Published in Excise
Views : 2278
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