Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Officers must not make direct references to DGFT for clarification on Foreign Trade Policy interpretation; such issues must first be examined at Group/Section level, escalated through the Deputy/Assistant Commissioner, and sent through the prescribed channel to the Board only after due scrutiny. Commodity-specific interpretational matters are to be referred only after examination and approval by the concerned NAC, where applicable. Any clarification proposal must include facts, relevant FTP provisions, the field view, specific points for clarification, affected case details, live consignments, and urgency. Consignments should not be held up solely for interpretational issues, and provisional assessment or other lawful facilitative measures should be considered to avoid delay in clearance.
Officers must not make direct references to DGFT for clarification on Foreign Trade Policy interpretation; such issues must first be examined at Group/Section level, escalated through the Deputy/Assistant Commissioner, and sent through the prescribed channel to the Board only after due scrutiny. Commodity-specific interpretational matters are to be referred only after examination and approval by the concerned NAC, where applicable. Any clarification proposal must include facts, relevant FTP provisions, the field view, specific points for clarification, affected case details, live consignments, and urgency. Consignments should not be held up solely for interpretational issues, and provisional assessment or other lawful facilitative measures should be considered to avoid delay in clearance.
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