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    Owner knowledge of share allotment and buy-back defeats benami classification and prevents confirmation of provisional attachment.
    Retrospective Foreign Trade Policy amendments cannot extinguish accrued SEIS benefits for eligible services rendered under the operative scheme.
    Redemption of confiscated foreign currency requires case-specific discretion, with release available on lawful payment of redemption fine.
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    Specific IGST classification for veterinary APIs as drugs prevails over the general organic chemicals entry, subject to nil-rate exclusion.
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      The Public Notice No. 52/2023 issued by the DGFT introduces a...

      New Procedure for Export of Telecom Items Under GAET: One-Time Export Without Individual Authorization Now Possible.

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      DGFTMarch 28, 2024Circulars
      The Public Notice No. 52/2023 issued by the DGFT introduces a procedure for General Authorization for Export of Telecommunication items (GAET) under SCOMET Category 8A5 Part I. GAET allows for the one-time export of SCOMET items without individual authorization, subject to specified conditions, application processes, and post-reporting requirements. Non-compliance can lead to penalties, suspension, or revocation of GAET.

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      ActsIncome Tax