Advance-ruling mechanism governs pending GST classification, exemption and taxability disputes, limiting writ review once the specialised forum functi...
Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Regulation 17 of the Customs Brokers Licensing Regulations, 2018 requires a valid offence report before proceedings to revoke a Customs Broker licence or impose a penalty can be sustained. The text states that absence of such a report invalidates revocation proceedings. It further explains that a Customs Broker who completes Know Your Customer verification and relies on facially genuine exporter documents is not required to investigate declared valuation as an investigating agency. In the absence of evidence of the broker's knowledge, connivance or involvement in exporter overvaluation, the stated licensing obligations concerning due diligence and document verification are not breached; revocation, security forfeiture and penalty are therefore unsustainable.
Regulation 17 of the Customs Brokers Licensing Regulations, 2018 requires a valid offence report before proceedings to revoke a Customs Broker licence or impose a penalty can be sustained. The text states that absence of such a report invalidates revocation proceedings. It further explains that a Customs Broker who completes Know Your Customer verification and relies on facially genuine exporter documents is not required to investigate declared valuation as an investigating agency. In the absence of evidence of the broker's knowledge, connivance or involvement in exporter overvaluation, the stated licensing obligations concerning due diligence and document verification are not breached; revocation, security forfeiture and penalty are therefore unsustainable.
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