Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
SEZ Units and Developers are now exempt from QCOs issued under the BIS Act, 2016 for import of all permissible goods needed for authorised operations within SEZs, including raw materials, components, consumables, spares and capital goods, in line with the SEZ Act, 2005 and Rule 27 of the SEZ Rules, 2006. The exemption applies only to use within the SEZ; any removal, transfer or clearance of imported goods, or goods made from them, into the Domestic Tariff Area must comply with applicable QCOs, BIS requirements and other laws in force at the time of clearance. An undertaking must be furnished to the Development Commissioner at import.
SEZ Units and Developers are now exempt from QCOs issued under the BIS Act, 2016 for import of all permissible goods needed for authorised operations within SEZs, including raw materials, components, consumables, spares and capital goods, in line with the SEZ Act, 2005 and Rule 27 of the SEZ Rules, 2006. The exemption applies only to use within the SEZ; any removal, transfer or clearance of imported goods, or goods made from them, into the Domestic Tariff Area must comply with applicable QCOs, BIS requirements and other laws in force at the time of clearance. An undertaking must be furnished to the Development Commissioner at import.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
