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 Circular No. 08/2024-Customs issued by the Government of India extends the transitional provisions of the Sea Cargo Manifest and Transshipment Regulations (SCMTR) until 31st August 2024. The SCMTR aims to enhance transparency and efficiency in Customs clearance by outlining obligations, roles, and responsibilities of stakeholders in goods movement. Stakeholders are urged to transition to new manifest declaration formats to ensure compliance. The Directorate General of Systems (DGoS) is facilitating this transition by providing guidelines and testing the new formats. Stakeholders are advised to parallel file in both old and new formats, with the new format becoming mandatory from 31st August 2024. DGoS will issue guidelines and ensure robustness in the filing process. Officers are instructed to support stakeholders in adapting to the SCMTR requirements and report any implementation challenges to the Board.
The Circular No. 08/2024-Customs issued by the Government of India extends the transitional provisions of the Sea Cargo Manifest and Transshipment Regulations (SCMTR) until 31st August 2024. The SCMTR aims to enhance transparency and efficiency in Customs clearance by outlining obligations, roles, and responsibilities of stakeholders in goods movement. Stakeholders are urged to transition to new manifest declaration formats to ensure compliance. The Directorate General of Systems (DGoS) is facilitating this transition by providing guidelines and testing the new formats. Stakeholders are advised to parallel file in both old and new formats, with the new format becoming mandatory from 31st August 2024. DGoS will issue guidelines and ensure robustness in the filing process. Officers are instructed to support stakeholders in adapting to the SCMTR requirements and report any implementation challenges to the Board.
Note: It is a system-generated summary and is for quick reference only.