Transfer-pricing comparability permits fresh objections and filters where software service comparables are functionally unsuitable for arm's-length pr...
Territorial rendering requirement excludes China-based management and consultancy services from fees for technical services under the India-China DTAA...
FEMA borrowing restrictions bind charitable trusts, and civil penalties apply without proving intent for delayed repayment of non-resident rupee loans...
HC directed CBIC to reconsider Baggage Rules 2016, particularly provisions regarding declaration of jewellery by incoming international passengers. HC observed that Baggage Rules and Declaration Forms lack clarity on jewellery declaration norms. HC also noted that Rs. 1,00,000 value cap for duty-free jewellery import is unreasonably low considering current gold prices. CBIC to coordinate with relevant ministries, submit report on proposed revisions by next hearing.
HC directed CBIC to reconsider Baggage Rules 2016, particularly provisions regarding declaration of jewellery by incoming international passengers. HC observed that Baggage Rules and Declaration Forms lack clarity on jewellery declaration norms. HC also noted that Rs. 1,00,000 value cap for duty-free jewellery import is unreasonably low considering current gold prices. CBIC to coordinate with relevant ministries, submit report on proposed revisions by next hearing.
Note: It is a system-generated summary and is for quick reference only.