Mis-declaration in import descriptions must be deliberate to justify confiscation; withheld contemporaneous import documents invalidate value redeterm...
Liability for EPCG export shortfall: duty and interest sustained, but confiscation and penalties quashed where no fraud and causes beyond importer con...
The Insolvency and Bankruptcy Board of India has amended the corporate insolvency resolution regulations to provide that, for a corporate debtor classified as an MSME, the resolution professional shall appoint one set of registered valuers unless the committee records reasons in writing to appoint two sets. The amendment applies on publication in the Official Gazette and narrows the default valuation requirement for MSME resolution processes while preserving committee discretion to require additional valuation support.
The Insolvency and Bankruptcy Board of India has amended the corporate insolvency resolution regulations to provide that, for a corporate debtor classified as an MSME, the resolution professional shall appoint one set of registered valuers unless the committee records reasons in writing to appoint two sets. The amendment applies on publication in the Official Gazette and narrows the default valuation requirement for MSME resolution processes while preserving committee discretion to require additional valuation support.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
