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 proposed amendments aim to further incentivize operations from International Financial Services Centres (IFSCs) by expanding the scope of specified funds eligible for tax exemption to include retail funds and Exchange Traded Funds regulated under IFSCA. It also exempts specified income of Core Settlement Guarantee Funds set up by recognized clearing corporations in IFSCs. Venture Capital Funds regulated by IFSCA are proposed to be exempted from additional onus of proof for explaining source of funds u/s 68. Finance companies located in IFSCs are proposed to be excluded from the thin capitalization provisions u/s 94B, subject to prescribed conditions and activities.
The proposed amendments aim to further incentivize operations from International Financial Services Centres (IFSCs) by expanding the scope of specified funds eligible for tax exemption to include retail funds and Exchange Traded Funds regulated under IFSCA. It also exempts specified income of Core Settlement Guarantee Funds set up by recognized clearing corporations in IFSCs. Venture Capital Funds regulated by IFSCA are proposed to be exempted from additional onus of proof for explaining source of funds u/s 68. Finance companies located in IFSCs are proposed to be excluded from the thin capitalization provisions u/s 94B, subject to prescribed conditions and activities.
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