Independent show-cause notices remain separate proceedings, while customs adjudication challenges should ordinarily follow the statutory appellate rem...
Institutional incapacity in customs settlement proceedings excludes non-functional quorum periods from statutory disposal timelines, preventing automa...
Interactive touchscreen panels with integrated computing functions fall under automatic data-processing machines rather than display monitors for cust...
Ex parte injunction service requirements were substantially met, while civil recovery and SFIO investigation into provident fund defalcation continued...
Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
AD Category-I banks may open Special Rupee Vostro Accounts for their overseas branches or banks resident outside India. SRVAs provide an additional INR-based arrangement for invoicing, payment and settlement of cross-border exports and imports, and may also settle permissible FEMA current and capital account transactions. Banks maintaining SRVAs may open dedicated additional current accounts for exporters or importers for trade settlement. SRVAs may receive inward remittances, transfers from repatriable INR accounts and proceeds of permissible transactions; investments of balances in debt instruments remain subject to the applicable RBI directions. FEMA documentation and reporting requirements continue, and SRVA details may be updated in the FEDAI directory. The consolidated instructions take immediate effect and supersede specified prior circulars.
AD Category-I banks may open Special Rupee Vostro Accounts for their overseas branches or banks resident outside India. SRVAs provide an additional INR-based arrangement for invoicing, payment and settlement of cross-border exports and imports, and may also settle permissible FEMA current and capital account transactions. Banks maintaining SRVAs may open dedicated additional current accounts for exporters or importers for trade settlement. SRVAs may receive inward remittances, transfers from repatriable INR accounts and proceeds of permissible transactions; investments of balances in debt instruments remain subject to the applicable RBI directions. FEMA documentation and reporting requirements continue, and SRVA details may be updated in the FEDAI directory. The consolidated instructions take immediate effect and supersede specified prior circulars.
Note: It is a system-generated summary and is for quick reference only.
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