PRINCIPAL COMNR. OF INCOME TAX, SAMBALPUR RANGE vs. M/S. TATA SPONGE IRON LTD.
ITA/96/2022HC Orissa17 Aug 2023
Bench: MR. JUSTICE ARINDAM SINHA,MR. JUSTICE SANJAY KUMAR MISHRA
q) of
Section 2 of the Foreign Exchange Management Act, 1999 (42 of
1999).]‖
20.
As is evident from a reading of Section 14, the value of imported
and exported goods is recognized to be the transaction value and which
expression is explained to mean the price actually paid or payable for
those goods when sold for export to India
