Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
CBDT amended Income-tax Rules 1962 regarding Infrastructure Debt Fund (IDF) guidelines under section 10(47). IDFs must operate as NBFCs under RBI regulations, investing exclusively in post-operational infrastructure projects with minimum one-year commercial operations or toll-operate-transfer projects. Funding mechanisms include rupee/foreign currency bonds, zero coupon bonds per Rule 8B, and external commercial borrowings with minimum 5-year tenor. ECBs cannot be sourced from foreign branches of Indian banks. Investment restrictions apply where specified shareholders (holding >=30% voting power) or associated enterprises have substantial interests. The amendment introduces stricter operational parameters and clarifies funding mechanisms while maintaining regulatory oversight by RBI and alignment with FEMA regulations.
CBDT amended Income-tax Rules 1962 regarding Infrastructure Debt Fund (IDF) guidelines under section 10(47). IDFs must operate as NBFCs under RBI regulations, investing exclusively in post-operational infrastructure projects with minimum one-year commercial operations or toll-operate-transfer projects. Funding mechanisms include rupee/foreign currency bonds, zero coupon bonds per Rule 8B, and external commercial borrowings with minimum 5-year tenor. ECBs cannot be sourced from foreign branches of Indian banks. Investment restrictions apply where specified shareholders (holding >=30% voting power) or associated enterprises have substantial interests. The amendment introduces stricter operational parameters and clarifies funding mechanisms while maintaining regulatory oversight by RBI and alignment with FEMA regulations.
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