Removal of Budget Day trade restrictions permits normal import-export on Budget Day, subject to customs vigilance against misuse. Removal of Budget Day restrictions allows importers and exporters to carry out import/export activities on the Budget Day as per law with immediate effect; the decision notes that upward duty revisions are exceptional and that previous restrictions imposed economic costs. Field formations are required to remain vigilant against misuse and notify trade and acknowledge receipt of the instruction.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Removal of Budget Day trade restrictions permits normal import-export on Budget Day, subject to customs vigilance against misuse.
Removal of Budget Day restrictions allows importers and exporters to carry out import/export activities on the Budget Day as per law with immediate effect; the decision notes that upward duty revisions are exceptional and that previous restrictions imposed economic costs. Field formations are required to remain vigilant against misuse and notify trade and acknowledge receipt of the instruction.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
