Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
CBIC implemented significant trade facilitation measures for air cargo and transhipment, effective 24th April 2025. Key changes include waiving transhipment permit fees, introducing simplified procedures for temporary import of Unit Load Devices (ULDs) outside Customs Area, and enabling an All-India National Transhipment Bond at air cargo complexes. Air carriers/console agents can now temporarily import ULDs by executing a Continuity Bond, shifting re-export responsibility from individual importers. These regulatory modifications aim to streamline customs protocols, reduce logistical complexities, and enhance operational efficiency in air cargo and transhipment movements, aligning with international best practices and supporting ease of doing business.
CBIC implemented significant trade facilitation measures for air cargo and transhipment, effective 24th April 2025. Key changes include waiving transhipment permit fees, introducing simplified procedures for temporary import of Unit Load Devices (ULDs) outside Customs Area, and enabling an All-India National Transhipment Bond at air cargo complexes. Air carriers/console agents can now temporarily import ULDs by executing a Continuity Bond, shifting re-export responsibility from individual importers. These regulatory modifications aim to streamline customs protocols, reduce logistical complexities, and enhance operational efficiency in air cargo and transhipment movements, aligning with international best practices and supporting ease of doing business.
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