Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
RBI amended notification S.O. 2192(E) under Section 16 of Securities Contracts (Regulation) Act, 1956 regarding prevention of undesirable speculation in securities. The amendment modifies clause (A)(1) to regulate contracts for sale/purchase of Government Securities, gold related securities, and money market securities. Exemptions include spot delivery contracts, recognized stock exchange trades permitted under applicable rules, and specifically RBI-permitted contracts. The modification aims to strengthen regulatory oversight of securities trading while maintaining legitimate market operations. Amendment effective upon Official Gazette publication. This revision supersedes previous provisions while maintaining core regulatory framework for securities trading supervision.
RBI amended notification S.O. 2192(E) under Section 16 of Securities Contracts (Regulation) Act, 1956 regarding prevention of undesirable speculation in securities. The amendment modifies clause (A)(1) to regulate contracts for sale/purchase of Government Securities, gold related securities, and money market securities. Exemptions include spot delivery contracts, recognized stock exchange trades permitted under applicable rules, and specifically RBI-permitted contracts. The modification aims to strengthen regulatory oversight of securities trading while maintaining legitimate market operations. Amendment effective upon Official Gazette publication. This revision supersedes previous provisions while maintaining core regulatory framework for securities trading supervision.
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