Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the lo...
Condonation of delay permits statutory appeal restoration where inadequate service explanation prevented consideration of reassessment and taxable-inc...
The GoI's Directorate General of Foreign Trade issued Notification No. 05/2025-26 imposing Minimum Import Price (MIP) on specific synthetic knitted fabric HS codes. The notification restricts imports of codes 60019200, 60053600, 60053790, and 60053900, with imports permitted "Free" only when CIF value exceeds 3.5 USD per kilogram. Exemptions apply for Advance Authorisation holders, Export Oriented Units, and Special Economic Zone units, provided imported inputs are not sold in the Domestic Tariff Area. The MIP condition remains effective until 31.03.2026, implementing trade regulation measures to protect domestic textile manufacturing interests.
The GoI's Directorate General of Foreign Trade issued Notification No. 05/2025-26 imposing Minimum Import Price (MIP) on specific synthetic knitted fabric HS codes. The notification restricts imports of codes 60019200, 60053600, 60053790, and 60053900, with imports permitted "Free" only when CIF value exceeds 3.5 USD per kilogram. Exemptions apply for Advance Authorisation holders, Export Oriented Units, and Special Economic Zone units, provided imported inputs are not sold in the Domestic Tariff Area. The MIP condition remains effective until 31.03.2026, implementing trade regulation measures to protect domestic textile manufacturing interests.
Note: It is a system-generated summary and is for quick reference only.