Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
Pursuant to Foreign Trade (Development & Regulation) Act 1992 and FTP 2023, DGFT has amended the export policy for raw human hair (ITC HS codes 05010010 and 05010020). The policy revises the status from 'Restricted' to 'Prohibited' for both unworked human hair and human hair waste. However, exports remain unrestricted if the FOB value meets or exceeds USD 65 per kilogram. The amendment, effective immediately per Notification No. 59/2024-25, aims to regulate the export of raw human hair while maintaining quality standards through price control mechanisms. The notification exercises authority under Section 3 read with Section 5 of the Act.
Pursuant to Foreign Trade (Development & Regulation) Act 1992 and FTP 2023, DGFT has amended the export policy for raw human hair (ITC HS codes 05010010 and 05010020). The policy revises the status from 'Restricted' to 'Prohibited' for both unworked human hair and human hair waste. However, exports remain unrestricted if the FOB value meets or exceeds USD 65 per kilogram. The amendment, effective immediately per Notification No. 59/2024-25, aims to regulate the export of raw human hair while maintaining quality standards through price control mechanisms. The notification exercises authority under Section 3 read with Section 5 of the Act.
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