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...
CBIC exercised powers under Section 7(1)(aa) and 7(2) of the Customs Act, 1962 to amend Notification No. 12/97-Customs (N.T.). The amendment adds Kishangarh as item (x) under serial number 10 (Rajasthan) in the specified table. The modification designates Kishangarh as an authorized location for unloading imported goods and loading export goods at the Inland Container Depot. This amendment expands the existing list of approved customs facilities in Rajasthan, enhancing the infrastructure for international trade operations. The notification maintains regulatory oversight while facilitating trade logistics through designated inland container facilities.
CBIC exercised powers under Section 7(1)(aa) and 7(2) of the Customs Act, 1962 to amend Notification No. 12/97-Customs (N.T.). The amendment adds Kishangarh as item (x) under serial number 10 (Rajasthan) in the specified table. The modification designates Kishangarh as an authorized location for unloading imported goods and loading export goods at the Inland Container Depot. This amendment expands the existing list of approved customs facilities in Rajasthan, enhancing the infrastructure for international trade operations. The notification maintains regulatory oversight while facilitating trade logistics through designated inland container facilities.
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