Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
The Reserve Bank of India (RBI) issued Circular No. 11 on June 11, 2024, allowing Scheduled Commercial Banks with AD Category-I license to open additional current accounts for trade transactions in Indian Rupees (INR). This expands on a previous circular from November 17, 2023, which permitted banks to open special current accounts exclusively for export transactions. The new provision now includes import transactions as well, offering operational flexibility to AD Category-I banks. Banks are instructed to inform their constituents about this update.
The Reserve Bank of India (RBI) issued Circular No. 11 on June 11, 2024, allowing Scheduled Commercial Banks with AD Category-I license to open additional current accounts for trade transactions in Indian Rupees (INR). This expands on a previous circular from November 17, 2023, which permitted banks to open special current accounts exclusively for export transactions. The new provision now includes import transactions as well, offering operational flexibility to AD Category-I banks. Banks are instructed to inform their constituents about this update.
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