Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The notification amends Appendix 3 (SCOMET items) to Schedule 2 of the ITC (HS) Classification of Export and Import Items, 2018, as an annual SCOMET update for 2024. Exercising powers under the Foreign Trade (Development and Regulation) Act, 1992 and Foreign Trade Policy 2023, the Central Government has made amendments to the SCOMET items list. The updated Appendix 3 will be uploaded on the DGFT web portal. The notification comes into effect 30 days after issuance to provide a transition period for the industry. It supersedes previous notifications related to SCOMET updates.
The notification amends Appendix 3 (SCOMET items) to Schedule 2 of the ITC (HS) Classification of Export and Import Items, 2018, as an annual SCOMET update for 2024. Exercising powers under the Foreign Trade (Development and Regulation) Act, 1992 and Foreign Trade Policy 2023, the Central Government has made amendments to the SCOMET items list. The updated Appendix 3 will be uploaded on the DGFT web portal. The notification comes into effect 30 days after issuance to provide a transition period for the industry. It supersedes previous notifications related to SCOMET updates.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
