Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
DGFT issues a notification which amends the Import Policy for Raw Petroleum Coke (RPC) and Calcined Petroleum Coke (CPC) under Chapter 27 of the ITC (HS), 2022, Schedule-I (Import Policy). The revised policy allows for the total import of 1.9 Million MTs of RPC for CPC manufacturing and 0.5 Million MTs of CPC for the Aluminium Industry in FY 2024-25, with adjustments in the following years, subject to specific conditions including usage restrictions and domestic needs. The amendment aligns with the recommendations of the Commission for Air Quality Management issued on 14.02.2024.
DGFT issues a notification which amends the Import Policy for Raw Petroleum Coke (RPC) and Calcined Petroleum Coke (CPC) under Chapter 27 of the ITC (HS), 2022, Schedule-I (Import Policy). The revised policy allows for the total import of 1.9 Million MTs of RPC for CPC manufacturing and 0.5 Million MTs of CPC for the Aluminium Industry in FY 2024-25, with adjustments in the following years, subject to specific conditions including usage restrictions and domestic needs. The amendment aligns with the recommendations of the Commission for Air Quality Management issued on 14.02.2024.
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