Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
DGFT advises heightened vigilance when dealing with two identified Bhutanese firms following a complaint and the absence of substantive responses through diplomatic and administrative channels under the Foreign Trade Policy 2023. Export Promotion Councils, Regional Authorities, ECGC, authorised dealer banks and other stakeholders should conduct comprehensive due diligence, alert trade participants to the concerns, assess transaction risk before providing trade, credit, certification or facilitation support, and report adverse experiences, payment issues or contractual disputes. The advisory is precautionary and seeks to protect Indian exporters and trade stakeholders from potential risks.
DGFT advises heightened vigilance when dealing with two identified Bhutanese firms following a complaint and the absence of substantive responses through diplomatic and administrative channels under the Foreign Trade Policy 2023. Export Promotion Councils, Regional Authorities, ECGC, authorised dealer banks and other stakeholders should conduct comprehensive due diligence, alert trade participants to the concerns, assess transaction risk before providing trade, credit, certification or facilitation support, and report adverse experiences, payment issues or contractual disputes. The advisory is precautionary and seeks to protect Indian exporters and trade stakeholders from potential risks.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
