Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
This trade notice clarifies that obtaining a Registration-Cum-Membership Certificate (RCMC) is not mandatory for exporters to claim benefits under post-export remission-based schemes like Duty Drawback, Rebate of State and Central Taxes and Levies (RoSCTL), and Remission of Duties and Taxes on Export Products (RoDTEP) under the Foreign Trade Policy (FTP) 2023. These schemes aim to remit duties or taxes on exported goods. However, an RCMC is required for exporters applying for authorizations to import/export or seeking other benefits/concessions under the FTP, except for restricted items. The notice clarifies the specific requirements for obtaining an RCMC to avail benefits under different schemes outlined in the FTP 2023.
This trade notice clarifies that obtaining a Registration-Cum-Membership Certificate (RCMC) is not mandatory for exporters to claim benefits under post-export remission-based schemes like Duty Drawback, Rebate of State and Central Taxes and Levies (RoSCTL), and Remission of Duties and Taxes on Export Products (RoDTEP) under the Foreign Trade Policy (FTP) 2023. These schemes aim to remit duties or taxes on exported goods. However, an RCMC is required for exporters applying for authorizations to import/export or seeking other benefits/concessions under the FTP, except for restricted items. The notice clarifies the specific requirements for obtaining an RCMC to avail benefits under different schemes outlined in the FTP 2023.
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