Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
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 Commissioner of Customs, Chennai-VII announced a BRC Compliance Drive from January 6-31, 2025, requiring exporters to submit pending Bank Realization Certificates. The notice addresses non-realization of export proceeds beyond mandated periods, necessitating recovery of drawback amounts u/r 18 of Customs, Central Excise Duties Drawback Rules, 2017, with interest per Section 75A(2) of Customs Act, 1962. Exporters must submit e-BRCs or repay drawback with interest by January 31, 2025. Non-compliance will trigger system alerts and legal proceedings for recovery. A dedicated BRC Cell has been established for verification. ICEGATE Portal functionality allows exporters to verify realization details and raise rectification queries. The directive aims to reconcile pending export proceeds and ensure compliance with drawback regulations.
The Commissioner of Customs, Chennai-VII announced a BRC Compliance Drive from January 6-31, 2025, requiring exporters to submit pending Bank Realization Certificates. The notice addresses non-realization of export proceeds beyond mandated periods, necessitating recovery of drawback amounts u/r 18 of Customs, Central Excise Duties Drawback Rules, 2017, with interest per Section 75A(2) of Customs Act, 1962. Exporters must submit e-BRCs or repay drawback with interest by January 31, 2025. Non-compliance will trigger system alerts and legal proceedings for recovery. A dedicated BRC Cell has been established for verification. ICEGATE Portal functionality allows exporters to verify realization details and raise rectification queries. The directive aims to reconcile pending export proceeds and ensure compliance with drawback regulations.
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