Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
The Ministry of Finance, Department of Revenue, Office of the Commissioner of Customs issued a Public Notice regarding the receipt of e-BRC for exports made from 01.04.2014 to 30.06.2023, as per RBI BRC Module. Exporters, Customs Brokers, and Trade Members were reminded to use the online RBI BRC Module for monitoring export proceeds realization. IEC holders were advised to update e-BRCs in ICES through Authorized Dealer Banks. If not updated, IEC holders could submit realization certificates or statements to the Assistant Commissioner, BRC Section. Failure to update may result in Customs action u/s Customs Act. IEC holders with BRC alerts were instructed to approach the BRC Section for resolution. Customs retains the right to conduct checks and take action for non-compliance. Any difficulties faced by IEC holders should be reported to the Assistant Commissioner of Customs, BRC Cell. Contact details for assistance were provided in the notice.
The Ministry of Finance, Department of Revenue, Office of the Commissioner of Customs issued a Public Notice regarding the receipt of e-BRC for exports made from 01.04.2014 to 30.06.2023, as per RBI BRC Module. Exporters, Customs Brokers, and Trade Members were reminded to use the online RBI BRC Module for monitoring export proceeds realization. IEC holders were advised to update e-BRCs in ICES through Authorized Dealer Banks. If not updated, IEC holders could submit realization certificates or statements to the Assistant Commissioner, BRC Section. Failure to update may result in Customs action u/s Customs Act. IEC holders with BRC alerts were instructed to approach the BRC Section for resolution. Customs retains the right to conduct checks and take action for non-compliance. Any difficulties faced by IEC holders should be reported to the Assistant Commissioner of Customs, BRC Cell. Contact details for assistance were provided in the notice.
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