Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
The Foreign Exchange Management (Deposit) (Sixth Amendment) Regulations, 2026 introduce an IFSC definition by linking it to the International Financial Services Centres Authority Act, 2019, and expand the SNRR account framework. A person resident outside India may open and maintain an SNRR account with an authorised dealer in India or its branch outside India, including in an IFSC, for permissible current and capital account transactions and bona fide transactions with non-residents. The amendment also adds transfer routes from NRO accounts within remittance limits, aligns transfers to NRE or SNRR accounts with the remittance rules, and requires SNRR transfers between non-residents to be made on the basis of account-holder instructions stating the underlying purpose.
The Foreign Exchange Management (Deposit) (Sixth Amendment) Regulations, 2026 introduce an IFSC definition by linking it to the International Financial Services Centres Authority Act, 2019, and expand the SNRR account framework. A person resident outside India may open and maintain an SNRR account with an authorised dealer in India or its branch outside India, including in an IFSC, for permissible current and capital account transactions and bona fide transactions with non-residents. The amendment also adds transfer routes from NRO accounts within remittance limits, aligns transfers to NRE or SNRR accounts with the remittance rules, and requires SNRR transfers between non-residents to be made on the basis of account-holder instructions stating the underlying purpose.
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