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 GOI amended import policies under Foreign Trade (Development & Regulation) Act, 1992, modifying restrictions on vessels under CTH 890690. Items under codes 89069010 (patrol boats, surveillance vessels, air-cushion vehicles, remote operated vehicles) and 89069090 (other vessels) have been reclassified from "Restricted" to "Free" import status. This amendment, executed through powers under Sections 3 and 5 of the Act and aligned with Foreign Trade Policy 2023, removes previous import restrictions on these maritime vessels. The policy change takes immediate effect, liberalizing the import regime for specialized maritime vessels and related equipment.
The GOI amended import policies under Foreign Trade (Development & Regulation) Act, 1992, modifying restrictions on vessels under CTH 890690. Items under codes 89069010 (patrol boats, surveillance vessels, air-cushion vehicles, remote operated vehicles) and 89069090 (other vessels) have been reclassified from "Restricted" to "Free" import status. This amendment, executed through powers under Sections 3 and 5 of the Act and aligned with Foreign Trade Policy 2023, removes previous import restrictions on these maritime vessels. The policy change takes immediate effect, liberalizing the import regime for specialized maritime vessels and related equipment.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
