Director General, Directorate General of Inspection – Based on the request by ADG, Directorate of Data Management, necessary inspection may be conducted of the refund section in select Customs Houses where the pendencies are high and the disposal action has not resulted in the desired action for specific action.
Applications shall be submitted to DGFT on quarterly basis 15 days prior to start of new quarter i.e for quarter July-September application shall be submitted to DGFT by 15th June. However, for quarter ‘July-September’ of licensing year 2007-08 last date of application is 20th July 2007.
6DD. No disallowance under clause (a) of sub-section (3) of section 40A shall be made and no payment shall be deemed to be the profits and gains of business or profession under clause (b) of sub-section (3) of section 40A where any payment in a sum exceeding twenty thousand rupees is made otherwise than by an account payee cheque drawn on a bank or account payee bank draft in the cases and circumstances specified
