Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
The DGFT issued Public Notice No. 53/2023, notifying the procedure for General Authorization for Export of Information Security items (GAEIS) under Category 8A5 Part 2 of SCOMET. - Key conditions include the submission of detailed applications through the online SCOMET portal, providing end-user certificates (EUCs), maintaining records, and adhering to post-reporting requirements. GAEIS will not be issued for items intended for military applications or to countries/entities under UNSC embargo or proliferation concerns. Non-compliance may lead to penalties or suspension/revocation of GAEIS.
The DGFT issued Public Notice No. 53/2023, notifying the procedure for General Authorization for Export of Information Security items (GAEIS) under Category 8A5 Part 2 of SCOMET. - Key conditions include the submission of detailed applications through the online SCOMET portal, providing end-user certificates (EUCs), maintaining records, and adhering to post-reporting requirements. GAEIS will not be issued for items intended for military applications or to countries/entities under UNSC embargo or proliferation concerns. Non-compliance may lead to penalties or suspension/revocation of GAEIS.
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