Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowanc...
Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer...
The Director General of Foreign Trade, u/s 1.03 & 2.04 of Foreign Trade Policy, 2023, amended Para 4.59 of Handbook of Procedures, 2023. Wastage percentages for various jewellery items were revised. Additionally, Standard Input Output Norms (SION) M-1 to M-7 were modified for export items like plain jewellery, studded jewellery, mountings, and findings. The amendment impacts the permissible wastage and norms for jewellery exports. This amendment aims to regulate and streamline the export process for jewellery items.
The Director General of Foreign Trade, u/s 1.03 & 2.04 of Foreign Trade Policy, 2023, amended Para 4.59 of Handbook of Procedures, 2023. Wastage percentages for various jewellery items were revised. Additionally, Standard Input Output Norms (SION) M-1 to M-7 were modified for export items like plain jewellery, studded jewellery, mountings, and findings. The amendment impacts the permissible wastage and norms for jewellery exports. This amendment aims to regulate and streamline the export process for jewellery items.
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