GST exemptions for government-facing incubation services depend on recipient status, while enterprise-support funds and incubator recognition affect t...
Transfer pricing comparability excludes functionally different providers and companies whose abnormal profits from extraordinary circumstances distort...
Tax-inclusive valuation of purchases and inventory remains mandatory despite separate accounting, while revision requires an erroneous and prejudicial...
Arm's length agent remuneration prevents further permanent establishment profit attribution when it covers risk-taking functions in internet advertisi...
Suspension of a customs broker licence pending enquiry requires a substantiated need for immediate action and must occur within a reasonable period. An unexplained delay of several months after the offence report, without new information justifying immediate intervention, undermines the required urgency. The 90-day period for issuing a show cause notice under Regulation 17(1) of the Customs Brokers Licensing Regulations, 2018, is mandatory. A notice issued beyond that period is time-barred and without jurisdiction, and dependent suspension proceedings cannot survive. Timely revocation proceedings remain available under the prescribed procedure.
Suspension of a customs broker licence pending enquiry requires a substantiated need for immediate action and must occur within a reasonable period. An unexplained delay of several months after the offence report, without new information justifying immediate intervention, undermines the required urgency. The 90-day period for issuing a show cause notice under Regulation 17(1) of the Customs Brokers Licensing Regulations, 2018, is mandatory. A notice issued beyond that period is time-barred and without jurisdiction, and dependent suspension proceedings cannot survive. Timely revocation proceedings remain available under the prescribed procedure.
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