Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
The circular amends provisions related to review of investor complaint statements and timelines for disclosure of deviation statements by Infrastructure Investment Trusts (InvITs). For investor complaints, prior review by Investment Manager's Board is replaced with quarterly placement before Board/Trustee. For deviation statements, submission timeline to stock exchanges is aligned with financial results submission instead of fixed 21-day period. These changes aim to promote ease of doing business while ensuring investor protection through timely redressal and disclosure.
The circular amends provisions related to review of investor complaint statements and timelines for disclosure of deviation statements by Infrastructure Investment Trusts (InvITs). For investor complaints, prior review by Investment Manager's Board is replaced with quarterly placement before Board/Trustee. For deviation statements, submission timeline to stock exchanges is aligned with financial results submission instead of fixed 21-day period. These changes aim to promote ease of doing business while ensuring investor protection through timely redressal and disclosure.
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