Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
A Unit of International Financial Services Centre shall not be considered as 'buyer' for TCS u/s 206C(1H) of the Income Tax Act, 1961, subject to conditions - the buyer furnishes Form 1A declaration for 10 consecutive years opted for section 80LA deduction; the seller doesn't collect TCS after receiving Form 1A and reports such receipts. The relaxation is available only for 10 years declared in Form 1A for section 80LA deduction. Definitions of buyer, seller, IFSC, and Unit are provided. DGIT(Systems) to prescribe procedures and formats. Effective from 1st January 2025.
A Unit of International Financial Services Centre shall not be considered as 'buyer' for TCS u/s 206C(1H) of the Income Tax Act, 1961, subject to conditions - the buyer furnishes Form 1A declaration for 10 consecutive years opted for section 80LA deduction; the seller doesn't collect TCS after receiving Form 1A and reports such receipts. The relaxation is available only for 10 years declared in Form 1A for section 80LA deduction. Definitions of buyer, seller, IFSC, and Unit are provided. DGIT(Systems) to prescribe procedures and formats. Effective from 1st January 2025.
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