Business deductions and transfer pricing issues: tribunal treatment of software write-offs, donation receipts, warranty provisions, and related expens...
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The notification amends the Handling of Cargo in Customs Areas Regulations, 2009. It reduces the time period for keeping uncleared cargo in a customs area from 10 days to 5 days. For Customs Cargo Service Providers authorized under the Authorized Economic Operator Programme, their approval for appointment shall remain valid until their AEO authorization is valid and not suspended or revoked. The amendments aim to enhance efficiency in cargo handling and clearance procedures within customs areas.
The notification amends the Handling of Cargo in Customs Areas Regulations, 2009. It reduces the time period for keeping uncleared cargo in a customs area from 10 days to 5 days. For Customs Cargo Service Providers authorized under the Authorized Economic Operator Programme, their approval for appointment shall remain valid until their AEO authorization is valid and not suspended or revoked. The amendments aim to enhance efficiency in cargo handling and clearance procedures within customs areas.
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