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Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
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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