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JASC Paint Shop Pro 9 key can be found in the . JASC Paint Shop Pro 9 key can be found in the .New Delhi: Documents recently obtained by The Wire have suggested that India’s largest export company in olive oil — Emco — is the beneficiary of a series of questionable tax exemptions. While the exemption is generally applicable to companies which make a profit before declaring earnings, which can mean anywhere between three and six months of active trading, according to a tax expert in the city, this exemption is widely seen as rife with mis-governance.
The highly sensitive, and self-declared, ‘Tax Policy’ says that the exemption from this route is applicable to the commercial preparation and testing of pesticide, fertilizer and feed (for animals) stocks for export, but for companies which are already making a profit, there is no exemption. Emco’s exports in 2013-14 were as high as Rs 87 crore. In 2013-14, it became the country’s largest exporter of olive oil, shipping 111 tonnes of olive oil, mostly from Spain, to 61 countries.
Emco, part of the Mundhra group of companies, is based out of Navi Mumbai, but it operates a number of businesses in agriculture.
The second exemption is applicable to the manufacturing of input goods, such as pesticides, dyes and fertilizers, etc. According to the tax policy, only companies which have an annual turnover of more than Rs 50 crore can be eligible for this exemption.
According to the documents obtained by The Wire, Emco claimed that it was eligible for this exemption because it had an annual turnover of Rs 93 crore in 2013-14.
The documents also suggest that Emco applied for an additional rebate of Rs 100 crore (on a gross income of Rs 400 crore) on the processing of fertilizers, under which the company claimed that the company had an additional expenditure of Rs 120 crore. Emco had an estimated annual turnover of about Rs 87 crore in the year 2013-14. https://www.mycatchyphrases.com/wp-content/uploads/2022/06/pachdest.pdf
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