Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
Jurisdictional facts in certificate-of-origin discrepancies can support customs show-cause proceedings, leaving factual explanations for departmental ...
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.
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