Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
The Government of India, Ministry of Commerce & Industry, Department of Commerce, Directorate General of Foreign Trade, issued Public Notice No. 08/2024-25 on 03.06.2024, amending Appendix 6B of FTP/HBP, 2023 u/s 1.03 and 2.04 of the Foreign Trade Policy, 2023. The amendment specifies that for spices covered by Chapter 9 of the ITC(HS) Code, a minimum value addition of 25% is required when both export and import items are under Chapter 9. In all other cases, the value addition required is 15%. This change aligns with Chapter 4 of the FTP/HBP, ensuring consistency in value addition requirements for spices.
The Government of India, Ministry of Commerce & Industry, Department of Commerce, Directorate General of Foreign Trade, issued Public Notice No. 08/2024-25 on 03.06.2024, amending Appendix 6B of FTP/HBP, 2023 u/s 1.03 and 2.04 of the Foreign Trade Policy, 2023. The amendment specifies that for spices covered by Chapter 9 of the ITC(HS) Code, a minimum value addition of 25% is required when both export and import items are under Chapter 9. In all other cases, the value addition required is 15%. This change aligns with Chapter 4 of the FTP/HBP, ensuring consistency in value addition requirements for spices.
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