Commissioner of Income Tax- IT and TP vs. M/s. Louis Berger International Inc.,
ITTA/108/2022HC Telangana25 Sept 2023
Bench: P.SAM KOSHY,LAXMI NARAYANA ALISHETTY
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
