Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Customs confiscation requires the alleged import contravention to be specifically identified and established. The material highlights that departmental communication must provide adequate notice of the basis for confiscation and an opportunity for personal hearing before redemption fine or penalty is imposed. Where no improper import or mala fide conduct is established, imported mobile handsets proposed for re-export should not attract confiscation or consequential redemption fine and penalty. The discussion therefore focuses on procedural fairness and evidentiary support as prerequisites for customs enforcement action.
Customs confiscation requires the alleged import contravention to be specifically identified and established. The material highlights that departmental communication must provide adequate notice of the basis for confiscation and an opportunity for personal hearing before redemption fine or penalty is imposed. Where no improper import or mala fide conduct is established, imported mobile handsets proposed for re-export should not attract confiscation or consequential redemption fine and penalty. The discussion therefore focuses on procedural fairness and evidentiary support as prerequisites for customs enforcement action.
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