Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The DGFT has issued draft amendments to Para 10.10 of the Handbook of Procedures 2023 regarding export authorization for "Stock and Sale" of SCOMET items. The revised policy expands eligibility for bulk exports to stockists abroad, now including subsidiaries, parent companies, affiliates, OEMs, and contract manufacturers. The amendments establish a two-tier approval system: initial authorization for export to stockist with in-principle approval for specified countries, followed by post-reporting requirements for transfers within approved jurisdictions. For countries not pre-approved, separate authorization is required. The policy mandates annual inventory reporting and requires transfers to final end-users within the validity period of the authorization. Stakeholders have 10 days to submit feedback on these proposed changes.
The DGFT has issued draft amendments to Para 10.10 of the Handbook of Procedures 2023 regarding export authorization for "Stock and Sale" of SCOMET items. The revised policy expands eligibility for bulk exports to stockists abroad, now including subsidiaries, parent companies, affiliates, OEMs, and contract manufacturers. The amendments establish a two-tier approval system: initial authorization for export to stockist with in-principle approval for specified countries, followed by post-reporting requirements for transfers within approved jurisdictions. For countries not pre-approved, separate authorization is required. The policy mandates annual inventory reporting and requires transfers to final end-users within the validity period of the authorization. Stakeholders have 10 days to submit feedback on these proposed changes.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
