Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
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.
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