Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
The RBI amends the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015 by reducing the time limit in Regulation 9 for realisation and repatriation-related requirements from fifteen months to nine months in sub-regulation (1) and clause (a) of sub-regulation (2). The amendment is titled the Foreign Exchange Management (Export of Goods and Services) (First Amendment) Regulations, 2026 and takes effect on publication in the Official Gazette.
The RBI amends the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015 by reducing the time limit in Regulation 9 for realisation and repatriation-related requirements from fifteen months to nine months in sub-regulation (1) and clause (a) of sub-regulation (2). The amendment is titled the Foreign Exchange Management (Export of Goods and Services) (First Amendment) Regulations, 2026 and takes effect on publication in the Official Gazette.
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