Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
SEBI issued a circular revising eligibility criteria for launching commodity futures contracts. The norms were modified based on representations and CDAC deliberations. Changes include deletion of certain criteria, modification of submission requirements, and approval conditions for futures contracts. Stock exchanges must adhere to SEBI rules, notify contract specifications, and follow position limits. The circular, effective from June 1, 2024, aims to protect investor interests and regulate the securities market u/s 11(1) of SEBI Act 1992. Exchanges must inform members and publish the circular.
SEBI issued a circular revising eligibility criteria for launching commodity futures contracts. The norms were modified based on representations and CDAC deliberations. Changes include deletion of certain criteria, modification of submission requirements, and approval conditions for futures contracts. Stock exchanges must adhere to SEBI rules, notify contract specifications, and follow position limits. The circular, effective from June 1, 2024, aims to protect investor interests and regulate the securities market u/s 11(1) of SEBI Act 1992. Exchanges must inform members and publish the circular.
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