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...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Exim Bank established a USD 180 million Line of Credit (LoC) agreement with GO-VNM for financing 4 Offshore Patrol Vessels procurement. The LoC, effective January 20, 2025, operates under GOI support with a 60-month post-project completion disbursement window. Exports must comply with India's Foreign Trade Policy and RBI regulations. Agency commission payments are prohibited under the LoC but may be processed through exporters' EEFC accounts post-realization of full export value. The directive, issued under FEMA sections 10(4) and 11(1), mandates AD Cat-I banks to facilitate eligible transactions within the prescribed framework while ensuring adherence to foreign exchange management protocols.
Exim Bank established a USD 180 million Line of Credit (LoC) agreement with GO-VNM for financing 4 Offshore Patrol Vessels procurement. The LoC, effective January 20, 2025, operates under GOI support with a 60-month post-project completion disbursement window. Exports must comply with India's Foreign Trade Policy and RBI regulations. Agency commission payments are prohibited under the LoC but may be processed through exporters' EEFC accounts post-realization of full export value. The directive, issued under FEMA sections 10(4) and 11(1), mandates AD Cat-I banks to facilitate eligible transactions within the prescribed framework while ensuring adherence to foreign exchange management protocols.
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