Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Priority of set-off: brought forward business losses must be adjusted before unabsorbed depreciation; procedural safeguards required for invoking rest...
DGFT proposes aligning Schedule-II (Export Policy) of ITC (HS), 2022 with Finance Act, 2026 amendments to HS codes, product descriptions and chapter notes, and has invited stakeholder comments within 7 days. The notice places proposed changes before exporters, industry associations and experts for consultation under FTP 2023 Para 1.07A. The annexures set out wide-ranging tariff revisions across multiple chapters, including substitutions, insertions and revised export conditions, which will inform the updated export policy classification framework once finalised.
DGFT proposes aligning Schedule-II (Export Policy) of ITC (HS), 2022 with Finance Act, 2026 amendments to HS codes, product descriptions and chapter notes, and has invited stakeholder comments within 7 days. The notice places proposed changes before exporters, industry associations and experts for consultation under FTP 2023 Para 1.07A. The annexures set out wide-ranging tariff revisions across multiple chapters, including substitutions, insertions and revised export conditions, which will inform the updated export policy classification framework once finalised.
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