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...
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Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
Where import duty was paid through duty credit scrips, any drawback under section 74 or refund under section 27 of the Customs Act, 1962 is to be granted by re-credit, not in cash. For RoDTEP/RoSCTL scrips, the amount is to be re-credited to the IEC holder's electronic credit ledger and may be used for generation of e-scrips under the prescribed scheme. For legacy scrips such as MEIS or SEIS, where direct re-credit is not feasible, Customs must issue a re-credit certificate containing the utilised scrip details, import date and debited amount. The circular also notes that CBIC will issue further system guidance after module development.
Where import duty was paid through duty credit scrips, any drawback under section 74 or refund under section 27 of the Customs Act, 1962 is to be granted by re-credit, not in cash. For RoDTEP/RoSCTL scrips, the amount is to be re-credited to the IEC holder's electronic credit ledger and may be used for generation of e-scrips under the prescribed scheme. For legacy scrips such as MEIS or SEIS, where direct re-credit is not feasible, Customs must issue a re-credit certificate containing the utilised scrip details, import date and debited amount. The circular also notes that CBIC will issue further system guidance after module development.
Note: It is a system-generated summary and is for quick reference only.
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