Settlement application eligibility requires a pending assessment when filed, preventing an extra prior-eligibility condition from blocking considerati...
Reassessment for unreturned property sales survives where transfer information, non-filing, and unsupported exemption claims establish a prima facie l...
Profit-element taxation limits additions for unaccounted flat-sale receipts and grey-market purchases, while reliable search records support partial a...
Eligible Manufacturer Importer Scheme applications for deferred payment of customs import duty will require substantially reduced data and document uploads from 15 September 2026. Applicants need no longer provide prior EXIM, GST compliance, turnover, factory-premises, plant-and-machinery, goods, or job-worker particulars previously required. Uploads are limited to an MSME UDYAM certificate where applicable, a UDIN-bearing Chartered Accountant certificate, and authorised-signatory authorisation. The revised form retains declarations on manufacturing or qualifying job work, GST collected but not deposited, financial solvency, insolvency, prosecutions, and prior EMI applications. Chartered Accountants must give reasons for negative net worth or negative net current assets. False declarations may lead to EMI suspension, action under customs law, and future scheme ineligibility.
Eligible Manufacturer Importer Scheme applications for deferred payment of customs import duty will require substantially reduced data and document uploads from 15 September 2026. Applicants need no longer provide prior EXIM, GST compliance, turnover, factory-premises, plant-and-machinery, goods, or job-worker particulars previously required. Uploads are limited to an MSME UDYAM certificate where applicable, a UDIN-bearing Chartered Accountant certificate, and authorised-signatory authorisation. The revised form retains declarations on manufacturing or qualifying job work, GST collected but not deposited, financial solvency, insolvency, prosecutions, and prior EMI applications. Chartered Accountants must give reasons for negative net worth or negative net current assets. False declarations may lead to EMI suspension, action under customs law, and future scheme ineligibility.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4894 
