Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
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Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
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Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The Public Notice clarifies the following regarding Customs Cargo Service Providers (CCSPs) and Authorized Economic Operators - Logistics Operators (AEO-LOs): Regulation 5(1)(iii) of Handling of Cargo in Customs Areas Regulations (HCCAR), 2009 has been amended. CCSPs now need to provide insurance equal to the average value of goods likely stored for 5 days, as specified by the Commissioner based on goods already insured by importers/exporters. Regulation 5(3) has been amended to reduce the custodian bond value furnished by CCSPs for imported/exported goods to cover 5 days of storage instead of 10 days. Regulation 10 has been amended making the approval for AEO-LO CCSPs as custodians valid till their AEO authorization remains valid and not suspended/revoked under Regulation 12. The custodian bond executed by AEO-LO CCSPs will have the same validity as their Regulation 10 approval.
The Public Notice clarifies the following regarding Customs Cargo Service Providers (CCSPs) and Authorized Economic Operators - Logistics Operators (AEO-LOs): Regulation 5(1)(iii) of Handling of Cargo in Customs Areas Regulations (HCCAR), 2009 has been amended. CCSPs now need to provide insurance equal to the average value of goods likely stored for 5 days, as specified by the Commissioner based on goods already insured by importers/exporters. Regulation 5(3) has been amended to reduce the custodian bond value furnished by CCSPs for imported/exported goods to cover 5 days of storage instead of 10 days. Regulation 10 has been amended making the approval for AEO-LO CCSPs as custodians valid till their AEO authorization remains valid and not suspended/revoked under Regulation 12. The custodian bond executed by AEO-LO CCSPs will have the same validity as their Regulation 10 approval.
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