Spentex Industries Ltd., In re
Date: July 19, 2018
Subject Matter
Ruling on applicability of Foreign Trade Policy is clearly beyond the ambit of Authority for Advance Ruling
Summary
The Applicant, are having Advance Authorisation issued by the DGFT and invalidated for procurement of goods from indigenous supplier, Their supplier is having EPCG licence and supplying the goods under deemed export and charging IGST against such sup…
1. BRIEF FACTS OF THE CASE: 1.1 M/s. Spentex Industries Ltd. (hereinafter referred to as 'the Applicant'), having its registered office at 51-A, B & C, Sector-Ill, Industrial Area, Pithampur Distt.Dhar (M.P.), are engaged in the manufacture of Textile Yarn. The Applicant are registered with the GSTN holding GSTIN 23AADCK3039P2ZC. 1.2 The Applicant, are having Advance Authorisatio…