Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Disposal of Export goods brought into Customs area but neither exported nor taken back to town. - The Trade Notice issued by the Commissioner of Customs (General) outlines procedures for the disposal of uncleared export cargo brought into the Customs area but not exported or taken back to town. It aims to free up storage space and containers by facilitating the auction of such goods. The notice provides a detailed procedure for custodians to follow, including preparing lists of eligible cargo, sending auction notices, examining goods, obtaining necessary approvals, valuing goods, conducting E-auctions, and sharing sale proceeds. The process must be completed by June 30, 2024.
Disposal of Export goods brought into Customs area but neither exported nor taken back to town. - The Trade Notice issued by the Commissioner of Customs (General) outlines procedures for the disposal of uncleared export cargo brought into the Customs area but not exported or taken back to town. It aims to free up storage space and containers by facilitating the auction of such goods. The notice provides a detailed procedure for custodians to follow, including preparing lists of eligible cargo, sending auction notices, examining goods, obtaining necessary approvals, valuing goods, conducting E-auctions, and sharing sale proceeds. The process must be completed by June 30, 2024.
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