EY Ltd. v. Addl Commissioner, CGST: Preventing the Mischaracterization of Service Exports as Intermediary Services
The Indian Foreign Trade Policy (FTP), 2023- affixed 4 panoptic directives: being ‘(i.) Incentivized Remission; (ii.) Cohesive Export Promotion (ii.) Mitigated Transaction Costs- fostering Enterprise Viability (iv.) Emerging Sector Exports and Export Control (i.e., SCOMET) Rationalization’[1]. The ‘expanded ambit’ of export transactions, devoid of obstructive-regulatory costs- subject to maximized prospective remission, is hence the idealized […]