Practical Accounts And Taxation
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As there is no definition of the term 'Inland Port', it simply means a notification issued by the Central Board of Excise & Customs (CBEC) dated 24-4-2007 in terms holds that considering nature of work carried out at Inland Container Depots (ICDs) they can be termed as Inland Ports. Even, communication dated 25-5-2009 issued on behalf of Ministry of Commerce and Industry also confirms that ICDs are Inland Ports. Hence, appellant being unable to put any reasonable explanation as to why these notifications and communications should not be relied on it.At a conclusion, Inland Container Depots are Inland Ports and subject to provisions of section 80-IA and deduction can be claimed for income earned out of these Depots.
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