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...
Trade Notice amends the EPM-Niryat Disha guidelines by replacing the certification list with Annexure-I, expanding the eligible testing, inspection and certification entries. Financial assistance is now differentiated by MSME class: micro and small enterprises may receive up to 95% of actual cost, while medium enterprises may receive up to 80%, subject to the notified ceiling; the maximum cumulative reimbursement rises to 50 lakh per IEC, with higher support subject to Sub-Committee review. Support is now disbursed in two instalments, and reimbursement claims are split into RC-1 and RC-2, with export evidence required before the second claim. Failure to act within the prescribed timelines causes lapse and possible recovery.
Trade Notice amends the EPM-Niryat Disha guidelines by replacing the certification list with Annexure-I, expanding the eligible testing, inspection and certification entries. Financial assistance is now differentiated by MSME class: micro and small enterprises may receive up to 95% of actual cost, while medium enterprises may receive up to 80%, subject to the notified ceiling; the maximum cumulative reimbursement rises to 50 lakh per IEC, with higher support subject to Sub-Committee review. Support is now disbursed in two instalments, and reimbursement claims are split into RC-1 and RC-2, with export evidence required before the second claim. Failure to act within the prescribed timelines causes lapse and possible recovery.
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