Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert CA Hari Agarwal, FCA.
Circular No. 235/69/96-CX Attention in invited to the above cited decision of Madras High Court reported in (1992) 40 EEC 31 (Madras). Hon ble High Court has observed that no manufacturer will be charitable enough to exclude customs duty paid on the raw material, from the price of finished products”. Hon blle Court has further held that what is contemplated in Section 27(2) (a).
