Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
The CBIC issued Circular No. 16/2025-Customs implementing anti-dumping duty (ADD) on Titanium Dioxide imports from China PR, with specific exclusions for sectors including food, pharmaceuticals, skin-care, textiles, and nano/ultra-fine variants. Importers must electronically declare end-use of imported goods to qualify for exemption, with an undertaking to pay applicable ADD if goods are subsequently used in non-excluded products. The circular mandates an electronic declaration mechanism during Bill of Entry filing, allowing importers to self-certify exemption eligibility while maintaining regulatory oversight and potential retrospective duty recovery.
The CBIC issued Circular No. 16/2025-Customs implementing anti-dumping duty (ADD) on Titanium Dioxide imports from China PR, with specific exclusions for sectors including food, pharmaceuticals, skin-care, textiles, and nano/ultra-fine variants. Importers must electronically declare end-use of imported goods to qualify for exemption, with an undertaking to pay applicable ADD if goods are subsequently used in non-excluded products. The circular mandates an electronic declaration mechanism during Bill of Entry filing, allowing importers to self-certify exemption eligibility while maintaining regulatory oversight and potential retrospective duty recovery.
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