Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
Draft SOP requires NBFC Factors to use the specified SWIFT message text when remitting foreign-currency factoring proceeds to AD-I Banks, so those banks do not create Inward Remittance Messages (IRMs) for such receipts. Where Factors discount export bills and release INR funds, customers seeking IRMs must approach the Factors rather than AD-I Banks. Factoring agencies must correctly identify factoring-related transactions when remitting funds. Exporters will be able to view NBFC Factor-related IRMs on the DGFT portal and self-certify eBRCs by matching remittances with invoices or Shipping Bills. Stakeholder comments are invited within 30 days of publication.
Draft SOP requires NBFC Factors to use the specified SWIFT message text when remitting foreign-currency factoring proceeds to AD-I Banks, so those banks do not create Inward Remittance Messages (IRMs) for such receipts. Where Factors discount export bills and release INR funds, customers seeking IRMs must approach the Factors rather than AD-I Banks. Factoring agencies must correctly identify factoring-related transactions when remitting funds. Exporters will be able to view NBFC Factor-related IRMs on the DGFT portal and self-certify eBRCs by matching remittances with invoices or Shipping Bills. Stakeholder comments are invited within 30 days of publication.
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