Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
The Directorate General of Foreign Trade issued a policy circular outlining the procedure for implementing the Import Management System for restricted IT hardware imports (laptops, tablets, all-in-one PCs, ultra-small form factor computers, and servers under HSN 8471) for the calendar year 2025. Importers must apply for import authorization on the DGFT website from December 13, 2024, to December 15, 2025. Authorizations issued will be valid until December 31, 2025, and importers can submit multiple applications. Requests for amendments during the authorization's validity can be submitted on the DGFT website. The circular was issued with the approval of the competent authority.
The Directorate General of Foreign Trade issued a policy circular outlining the procedure for implementing the Import Management System for restricted IT hardware imports (laptops, tablets, all-in-one PCs, ultra-small form factor computers, and servers under HSN 8471) for the calendar year 2025. Importers must apply for import authorization on the DGFT website from December 13, 2024, to December 15, 2025. Authorizations issued will be valid until December 31, 2025, and importers can submit multiple applications. Requests for amendments during the authorization's validity can be submitted on the DGFT website. The circular was issued with the approval of the competent authority.
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