Final benami adjudication bars contradictory tax-evasion prosecution where settlement findings confirm full disclosure and cooperation without conceal...
Faceless assessment and registration procedures are updated through electronic communication, revised recovery rules, extended deadlines, and replacem...
Risk-based selective vessel boarding requires accurate declarations and preserves master and agent liability where physical inspections are not select...
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 
of 4881 
