Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
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...
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This public notice amends Appendix 2Y of the Foreign Trade Policy 2023 to exempt goods imported under Advance Authorisation, EOU, and SEZ schemes from mandatory Quality Control Orders (QCOs) issued by certain ministries/departments, when such goods are utilized/consumed in the manufacture of export products. The Ministry of Heavy Industries has been added to the list of exempted ministries/departments under Appendix 2Y, enabling imports of inputs subjected to QCOs issued by this ministry for use in export production. This amendment provides relief to exporters by allowing duty-free import of inputs required for manufacturing export goods, even if those inputs are covered under domestic quality control regulations.
This public notice amends Appendix 2Y of the Foreign Trade Policy 2023 to exempt goods imported under Advance Authorisation, EOU, and SEZ schemes from mandatory Quality Control Orders (QCOs) issued by certain ministries/departments, when such goods are utilized/consumed in the manufacture of export products. The Ministry of Heavy Industries has been added to the list of exempted ministries/departments under Appendix 2Y, enabling imports of inputs subjected to QCOs issued by this ministry for use in export production. This amendment provides relief to exporters by allowing duty-free import of inputs required for manufacturing export goods, even if those inputs are covered under domestic quality control regulations.
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