Deferred Payment of Customs Duty extended to Eligible Manufacturer Importers with electronic registration and ICEGATE authentication for conditional c...
Tariff classification determines GST schedule and rate; beverages in Schedule III attract the higher rate, tea extracts and syrups in Schedule I attra...
Fraudulent trading requires cogent evidence of intent to defraud; ordinary-course payments protected, except post-insolvency withdrawals must be resto...
Religious purpose exclusion versus charitable purpose: non overriding religious objects do not attract Explanation 3, registration directed under sect...
AD Category-I banks must shift two FEMA reporting requirements to the CIMS portal from June 30, 2026. The consolidated monthly statement of all BOs, LOs and POs opened and closed during the month is to be filed on CIMS under return code R343, and a NIL report must be uploaded if no data is available. The monthly statement on the number of applicants and total amount remitted from NRO accounts is also moved to CIMS under return code R006. The Master Direction on reporting under FEMA, 1999 will be updated to reflect these changes.
AD Category-I banks must shift two FEMA reporting requirements to the CIMS portal from June 30, 2026. The consolidated monthly statement of all BOs, LOs and POs opened and closed during the month is to be filed on CIMS under return code R343, and a NIL report must be uploaded if no data is available. The monthly statement on the number of applicants and total amount remitted from NRO accounts is also moved to CIMS under return code R006. The Master Direction on reporting under FEMA, 1999 will be updated to reflect these changes.
Note: It is a system-generated summary and is for quick reference only.
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