Commodity derivatives position limits adopt revised breach penalties, broad commodity criteria, and client open-position limits based on deliverable s...
Effective hearing in GST adjudication requires actual opportunity to respond; ineffective service through a former auditor invalidated ex parte procee...
Third-party search material requires special assessment route, rendering general reassessment notices without jurisdiction when it forms the proceedin...
Transfer-pricing adjustments must be confined to international associated-enterprise transactions, while functionally dissimilar comparables remain ex...
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 4886 
