Compulsorily convertible debentures remain debt before conversion, preventing transfer-pricing and interest-deduction disallowances on the stated fact...
Stock-in-trade transfer taxability follows possession and consideration, not later conveyance registration, limiting deemed-value provisions to the ac...
Alternative statutory remedy under GST bars writ challenge where classification, notice variance, and hearing disputes require factual appellate revie...
The Trade Notice issued by the Commissioner of Customs introduces significant procedural updates regarding the verification of Free Trade Agreement (FTA) certificates under the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR Rules-2020). - The notice identifies specific challenges encountered during the verification of FTA certificates related to third-party invoicing. These include the absence of FOB values in FTA certificates, discrepancies in item listings, and CTH mismatches, complicating the verification process. - To address these challenges, the notice prescribes alternative procedures, such as requiring importers to submit the exporter's invoice on which the FTA certificate was issued and amending the bill of entry accordingly.
The Trade Notice issued by the Commissioner of Customs introduces significant procedural updates regarding the verification of Free Trade Agreement (FTA) certificates under the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR Rules-2020). - The notice identifies specific challenges encountered during the verification of FTA certificates related to third-party invoicing. These include the absence of FOB values in FTA certificates, discrepancies in item listings, and CTH mismatches, complicating the verification process. - To address these challenges, the notice prescribes alternative procedures, such as requiring importers to submit the exporter's invoice on which the FTA certificate was issued and amending the bill of entry accordingly.
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TaxTMI 
TaxTMI 
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