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...
SEBI has modified the implementation of intraday position limit monitoring for index derivatives effective April 1, 2025. While stock exchanges will monitor position limits with minimum 4 random snapshots daily as mandated in the December 30, 2024 Master Circular, no penalties will be imposed for intraday breaches until further notice. This temporary relief addresses industry concerns regarding system readiness and potential redundancy of implementing current notional-based monitoring systems when proposed delta-based or futures equivalent limits are pending finalization. Exchanges must prepare a joint SOP to inform market participants about monitoring procedures and communicate breaches to clients and trading members for risk management purposes. End-of-day position limit monitoring and penalties remain unchanged.
SEBI has modified the implementation of intraday position limit monitoring for index derivatives effective April 1, 2025. While stock exchanges will monitor position limits with minimum 4 random snapshots daily as mandated in the December 30, 2024 Master Circular, no penalties will be imposed for intraday breaches until further notice. This temporary relief addresses industry concerns regarding system readiness and potential redundancy of implementing current notional-based monitoring systems when proposed delta-based or futures equivalent limits are pending finalization. Exchanges must prepare a joint SOP to inform market participants about monitoring procedures and communicate breaches to clients and trading members for risk management purposes. End-of-day position limit monitoring and penalties remain unchanged.
Note: It is a system-generated summary and is for quick reference only.
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