Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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The Public Notice No. 10/2024-25 issued by the Ministry of Commerce and Industry, Department of Commerce, Directorate General of Foreign Trade, introduces enabling provisions for the import of inputs subject to mandatory Quality Control Orders (QCOs) by Advance Authorisation holders, EOU, and SEZ. The amendment in Appendix 2Y of the Foreign Trade Policy (FTP), 2023 exempts certain Ministries/Departments, including Ministry of Steel, DPIIT, Ministry of Textiles, Ministry of Mines, and Department of Chemicals & Petro-chemicals, from mandatory QCOs for goods used in manufacturing export products. The addition of Department of Chemicals & Petro-chemicals to the list under Appendix 2Y is effective immediately.
The Public Notice No. 10/2024-25 issued by the Ministry of Commerce and Industry, Department of Commerce, Directorate General of Foreign Trade, introduces enabling provisions for the import of inputs subject to mandatory Quality Control Orders (QCOs) by Advance Authorisation holders, EOU, and SEZ. The amendment in Appendix 2Y of the Foreign Trade Policy (FTP), 2023 exempts certain Ministries/Departments, including Ministry of Steel, DPIIT, Ministry of Textiles, Ministry of Mines, and Department of Chemicals & Petro-chemicals, from mandatory QCOs for goods used in manufacturing export products. The addition of Department of Chemicals & Petro-chemicals to the list under Appendix 2Y is effective immediately.
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