Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
The DGFT has extended the Minimum Import Price (MIP) condition for Glufosinate Technical under HS Code 38089390 for one year from 24.01.2025 to 23.01.2026. The import policy has been modified to classify imports of Glufosinate and its salts (95% w/w purity minimum) as "Restricted" for CIF values below Rs. 1289/- per kg, while maintaining "Free" status for imports at or above this threshold. The amendment modifies previous notifications 58/2023 and 14/2024-25, exercising authority u/ss 3 and 5 of FT(D&R) Act, 1992. Imports must comply with registration requirements under the Insecticides Act, 1968.
The DGFT has extended the Minimum Import Price (MIP) condition for Glufosinate Technical under HS Code 38089390 for one year from 24.01.2025 to 23.01.2026. The import policy has been modified to classify imports of Glufosinate and its salts (95% w/w purity minimum) as "Restricted" for CIF values below Rs. 1289/- per kg, while maintaining "Free" status for imports at or above this threshold. The amendment modifies previous notifications 58/2023 and 14/2024-25, exercising authority u/ss 3 and 5 of FT(D&R) Act, 1992. Imports must comply with registration requirements under the Insecticides Act, 1968.
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TaxTMI 
TaxTMI 
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