Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
The Policy Circular No. 04/2024 issued by the Directorate General of Foreign Trade provides relaxation in the requirement of submitting 'Bill of Export' as evidence of export obligation discharge for supplies to SEZ units under Advance Authorisation/DFIA schemes made before 01.07.2017. The circular states that exporters can now submit alternative evidence including ARE-1 attested by Central Excise/GST Authorities, proof of receipt of supplies by the SEZ unit, and evidence of payment by the SEZ unit to the exporter. This relaxation is u/s Para 2.59 of the FTP and aims to address hardships faced by exporters in complying with the previous requirement.
The Policy Circular No. 04/2024 issued by the Directorate General of Foreign Trade provides relaxation in the requirement of submitting 'Bill of Export' as evidence of export obligation discharge for supplies to SEZ units under Advance Authorisation/DFIA schemes made before 01.07.2017. The circular states that exporters can now submit alternative evidence including ARE-1 attested by Central Excise/GST Authorities, proof of receipt of supplies by the SEZ unit, and evidence of payment by the SEZ unit to the exporter. This relaxation is u/s Para 2.59 of the FTP and aims to address hardships faced by exporters in complying with the previous requirement.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
