Blocked input tax credit for resort construction remains unavailable; interest follows actual utilisation, while delayed payment attracts statutory pe...
Duplicate PAN allocation requires record verification and deactivation reasons before assessment-related transactions can be attributed to an assessee...
Faceless assessment safeguards require requested personal hearings and adequate final show-cause response time, failing which reassessment is required...
DGFT interpretation of the Foreign Trade Policy is final and binding on Customs, including whether entities qualify as group companies. Common directorial voting control meeting the prescribed threshold permits use of a group company's duty credit scrips and service-export earnings towards an importer's EPCG export obligation. Capital goods for service-sector exemptions include equipment and accessories required directly or indirectly to render services; helicopter parts used for operational transport supporting remote infrastructure projects may qualify on that basis. Aviation permission describing private use does not by itself establish personal use. Extended limitation requires deliberate non-disclosure intended to evade duty, and prior departmental knowledge negates wilful suppression.
DGFT interpretation of the Foreign Trade Policy is final and binding on Customs, including whether entities qualify as group companies. Common directorial voting control meeting the prescribed threshold permits use of a group company's duty credit scrips and service-export earnings towards an importer's EPCG export obligation. Capital goods for service-sector exemptions include equipment and accessories required directly or indirectly to render services; helicopter parts used for operational transport supporting remote infrastructure projects may qualify on that basis. Aviation permission describing private use does not by itself establish personal use. Extended limitation requires deliberate non-disclosure intended to evade duty, and prior departmental knowledge negates wilful suppression.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
