Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
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...
Raw sugar under tariff heading 1701 is exempt from the whole of customs duty under the First Schedule to the Customs Tariff Act when imported within a Tariff Rate Quota of 10 lakh MT. The exemption applies immediately until 31 October 2026. Importers must receive TRQ allotment from DGFT under the applicable Handbook of Procedures, and the electronic authorisation must identify the importer, IEC, notification, tariff heading, quantity and validity. Customs clearance is permitted only through electronic debit of the authorised quota in ICES.
Raw sugar under tariff heading 1701 is exempt from the whole of customs duty under the First Schedule to the Customs Tariff Act when imported within a Tariff Rate Quota of 10 lakh MT. The exemption applies immediately until 31 October 2026. Importers must receive TRQ allotment from DGFT under the applicable Handbook of Procedures, and the electronic authorisation must identify the importer, IEC, notification, tariff heading, quantity and validity. Customs clearance is permitted only through electronic debit of the authorised quota in ICES.
Note: It is a system-generated summary and is for quick reference only.
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