Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
Test reports for identical imported goods, with the same grade, specifications, country of origin and supplier, are treated as valid for six months from issue, and Bills of Entry may be assessed finally on that basis without provisional assessment solely because a fresh report is unavailable. For imports where PTR applies under the cited documentation requirement, dock officers may draw representative samples near expiry at the importer's request, but final assessment must still proceed on the existing valid report. If a fresh report matches, it remains valid for another six months; if it shows variation, action under the Customs Act, 1962 may follow. The procedure does not apply where partner government agencies draw the sample.
Test reports for identical imported goods, with the same grade, specifications, country of origin and supplier, are treated as valid for six months from issue, and Bills of Entry may be assessed finally on that basis without provisional assessment solely because a fresh report is unavailable. For imports where PTR applies under the cited documentation requirement, dock officers may draw representative samples near expiry at the importer's request, but final assessment must still proceed on the existing valid report. If a fresh report matches, it remains valid for another six months; if it shows variation, action under the Customs Act, 1962 may follow. The procedure does not apply where partner government agencies draw the sample.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
