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Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
The GoI's DGFT issued Notification No. 04/2025-26 amending Import Policy Condition No. 07 (i) of Chapter-27 in ITC (HS), 2022. The amendment modifies the Coal Import Monitoring System (CIMS) registration fee structure, replacing the previous fixed fee calculation (Rs. 1 per thousand, min. Rs. 500, max. Rs. 1 Lakh on CIF value) with a new fee schedule referenced in Appendix 2K. Importers must continue submitting advance import information online and obtain an Automatic Registration Number, but under the revised fee mechanism. The modification takes immediate effect, streamlining the coal import registration process with a more flexible fee determination approach.
The GoI's DGFT issued Notification No. 04/2025-26 amending Import Policy Condition No. 07 (i) of Chapter-27 in ITC (HS), 2022. The amendment modifies the Coal Import Monitoring System (CIMS) registration fee structure, replacing the previous fixed fee calculation (Rs. 1 per thousand, min. Rs. 500, max. Rs. 1 Lakh on CIF value) with a new fee schedule referenced in Appendix 2K. Importers must continue submitting advance import information online and obtain an Automatic Registration Number, but under the revised fee mechanism. The modification takes immediate effect, streamlining the coal import registration process with a more flexible fee determination approach.
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