PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
The Dept of Revenue amended the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 through Notification 07/2025-Customs. Key modifications include extending reporting periods from monthly to quarterly basis and prolonging certain compliance timelines from six months to one year. The amendment introduces definition of "quarter" as three consecutive calendar months ending March, June, September or December. These changes affect various compliance requirements under rules 6, 7, 8, 9, and 10, including submission of statements, reconciliation reports, and maintenance of account records. The amendments take effect from February 2, 2025, aiming to streamline administrative procedures and reduce compliance burden for importers.
The Dept of Revenue amended the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022 through Notification 07/2025-Customs. Key modifications include extending reporting periods from monthly to quarterly basis and prolonging certain compliance timelines from six months to one year. The amendment introduces definition of "quarter" as three consecutive calendar months ending March, June, September or December. These changes affect various compliance requirements under rules 6, 7, 8, 9, and 10, including submission of statements, reconciliation reports, and maintenance of account records. The amendments take effect from February 2, 2025, aiming to streamline administrative procedures and reduce compliance burden for importers.
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