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...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
This circular amends Circular 07/2024-Customs to further streamline the automated exchange rate publication process. Key amendments include: If the due date (1st or 3rd Thursday) falls on a holiday, the last received rates from SBI will be published on ICEGATE website on that day. Where due date falls on a public holiday, incomplete message received, or API integration error, the last received rates from SBI will be published on ICEGATE and integrated into ICES, effective from midnight next day. If SBI rates fail to integrate into ICES by 6 PM on due dates or when +/-5% variation requires revised rates, an alert will be sent to nodal officers, and rates will be manually updated in ICES by the nodal officer before midnight for next day's effectiveness.
This circular amends Circular 07/2024-Customs to further streamline the automated exchange rate publication process. Key amendments include: If the due date (1st or 3rd Thursday) falls on a holiday, the last received rates from SBI will be published on ICEGATE website on that day. Where due date falls on a public holiday, incomplete message received, or API integration error, the last received rates from SBI will be published on ICEGATE and integrated into ICES, effective from midnight next day. If SBI rates fail to integrate into ICES by 6 PM on due dates or when +/-5% variation requires revised rates, an alert will be sent to nodal officers, and rates will be manually updated in ICES by the nodal officer before midnight for next day's effectiveness.
Note: It is a system-generated summary and is for quick reference only.