Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
The proposed insertion of paragraph 2.57(c) of FTP 2023 would exempt export consignments with FOB value up to Rs. 10,000 from the requirement to hold a Registration-cum-Membership Certificate or Certificate of Registration when applying for FTP import/export authorisations, benefits or concessions. The exemption would not apply to items classified as restricted under ITC (HS). The proposal is intended to facilitate small-value exports, particularly through postal, courier and emerging channels, and stakeholders are invited to submit comments within 10 days of the Trade Notice.
The proposed insertion of paragraph 2.57(c) of FTP 2023 would exempt export consignments with FOB value up to Rs. 10,000 from the requirement to hold a Registration-cum-Membership Certificate or Certificate of Registration when applying for FTP import/export authorisations, benefits or concessions. The exemption would not apply to items classified as restricted under ITC (HS). The proposal is intended to facilitate small-value exports, particularly through postal, courier and emerging channels, and stakeholders are invited to submit comments within 10 days of the Trade Notice.
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