Internal CUP benchmarking for fixed-rate Masala Bonds prevails over floating external comparables, eliminating the related transfer-pricing adjustment...
Jurisdictional validity of revision notices: incorrect official capacity and mere change of opinion invalidate revision of property income assessments...
Bogus-purchase additions are limited to embedded profit where corresponding sales are accepted, while accommodation-entry information can support reas...
Section 49 storage facilitation for imported air cargo requires prompt written or email notice to importers when clearance is delayed by Customs or statutory processes, followed by custodial reminders where goods remain uncleared. Complete storage applications should ordinarily be decided within three working days; where another statutory authority is consulted, the request may be determined on merits after the prescribed response period, subject to revenue, security and regulatory considerations. Detention or demurrage waiver certificates may be issued only where legally admissible and after verification, specifying the attributable period, reasons, relevant status and reference number. These measures create no automatic right to storage permission or waiver, and procedures for disposal of uncleared goods remain unaffected.
Section 49 storage facilitation for imported air cargo requires prompt written or email notice to importers when clearance is delayed by Customs or statutory processes, followed by custodial reminders where goods remain uncleared. Complete storage applications should ordinarily be decided within three working days; where another statutory authority is consulted, the request may be determined on merits after the prescribed response period, subject to revenue, security and regulatory considerations. Detention or demurrage waiver certificates may be issued only where legally admissible and after verification, specifying the attributable period, reasons, relevant status and reference number. These measures create no automatic right to storage permission or waiver, and procedures for disposal of uncleared goods remain unaffected.
Note: It is a system-generated summary and is for quick reference only.