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Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
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The Principal Commissioner of Customs at Visakhapatnam discontinued the practice of routine sampling and testing of rice export consignments before issuing Let Export Orders. This decision was taken as the export duty on all rice varieties is now nil and the export policy is 'free', except for broken rice. However, the Assistant/Deputy Commissioner of Customs in charge of assessment and examination retains the discretion to order sampling on a case-by-case basis to verify the accuracy of declarations.
The Principal Commissioner of Customs at Visakhapatnam discontinued the practice of routine sampling and testing of rice export consignments before issuing Let Export Orders. This decision was taken as the export duty on all rice varieties is now nil and the export policy is 'free', except for broken rice. However, the Assistant/Deputy Commissioner of Customs in charge of assessment and examination retains the discretion to order sampling on a case-by-case basis to verify the accuracy of declarations.
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