Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Drawback Not Allowed Where Refund Exceeds Market Value Of Goods: CESTAT
Excise, VAT & CustomOther Legal Matters
The CESTAT has ruled that "drawback is not allowed where the refund exceeds the market value of the goods." The tribunal's decision clarifies a key procedural aspect of customs law. The ruling reinforces the principle that the purpose of a drawback is to refund a tax paid and not to provide a profit to the exporter. This judgment is a crucial precedent for exporters.
