Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
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.
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