Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Customs exemption for goods imported into India for display or use at a specified event is amended to permit extension of the existing two-year period in individual cases on sufficient cause being shown. The Board may grant such further period as it considers fit, expanding the time available for compliance with the relevant condition under Notification No. 8/2016-Customs. The amendment also renumbers the later proviso by replacing "Provided further that" with "Provided also that" to align the drafting after insertion of the new proviso. The operative effect is to introduce discretionary time extension for eligible event-related imports covered by the exemption notification.
Customs exemption for goods imported into India for display or use at a specified event is amended to permit extension of the existing two-year period in individual cases on sufficient cause being shown. The Board may grant such further period as it considers fit, expanding the time available for compliance with the relevant condition under Notification No. 8/2016-Customs. The amendment also renumbers the later proviso by replacing "Provided further that" with "Provided also that" to align the drafting after insertion of the new proviso. The operative effect is to introduce discretionary time extension for eligible event-related imports covered by the exemption notification.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4790
Join Channel
TaxTMI 
