Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
Prior re-assessment of the Bill of Entry is mandatory before any refund claim for excess customs duty can be filed and processed. The notice reiterates that refunds arising from re-assessment must be routed through the ICEGATE 2.0 "Re-assessment cum Refund" module, where the importer first files an electronic request for re-assessment, the appraising group completes re-assessment or amendment, and a pre-filled refund application then becomes available for submission. Any refund claim filed without required re-assessment will be treated as incomplete and a deficiency memo will be issued; for interest purposes under the refund rules, the claim is deemed received only when a complete application is acknowledged by the proper officer.
Prior re-assessment of the Bill of Entry is mandatory before any refund claim for excess customs duty can be filed and processed. The notice reiterates that refunds arising from re-assessment must be routed through the ICEGATE 2.0 "Re-assessment cum Refund" module, where the importer first files an electronic request for re-assessment, the appraising group completes re-assessment or amendment, and a pre-filled refund application then becomes available for submission. Any refund claim filed without required re-assessment will be treated as incomplete and a deficiency memo will be issued; for interest purposes under the refund rules, the claim is deemed received only when a complete application is acknowledged by the proper officer.
Note: It is a system-generated summary and is for quick reference only.
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