Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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The public notice details administrative modifications to the provisional assessment process for bills of entry in customs procedures. A new system field "Prov" has been introduced, allowing importers and customs house agents to request provisional assessment by marking the field as "Y" during bill of entry filing. The change eliminates the need to recall RMS-facilitated bill of entry. Stakeholders are advised to familiarize themselves with the new functionality and report any system-related difficulties to designated customs officials or through specified communication channels. The notice establishes a standardized protocol for implementing the new provisional assessment request mechanism across the customs jurisdiction.
The public notice details administrative modifications to the provisional assessment process for bills of entry in customs procedures. A new system field "Prov" has been introduced, allowing importers and customs house agents to request provisional assessment by marking the field as "Y" during bill of entry filing. The change eliminates the need to recall RMS-facilitated bill of entry. Stakeholders are advised to familiarize themselves with the new functionality and report any system-related difficulties to designated customs officials or through specified communication channels. The notice establishes a standardized protocol for implementing the new provisional assessment request mechanism across the customs jurisdiction.
Note: It is a system-generated summary and is for quick reference only.