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Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
GoI's DGFT issued Notification No. 07/2025-26 imposing port restrictions on imports from Bangladesh, introducing new regulatory measures for specific goods. The notification restricts imports of Ready Made Garments, processed food items, cotton yarn, plastic goods, and wooden furniture through certain land ports, mandating alternative seaports or transit routes. Specific land customs stations in Assam, Meghalaya, Tripura, Mizoram, and select West Bengal locations are prohibited for these imports. Exceptions are granted for fish, LPG, edible oil, crushed stone, and goods transiting to Nepal/Bhutan. The restrictions apply with immediate effect under Foreign Trade (Development & Regulation) Act, 1992, modifying the Import Policy framework for bilateral trade.
GoI's DGFT issued Notification No. 07/2025-26 imposing port restrictions on imports from Bangladesh, introducing new regulatory measures for specific goods. The notification restricts imports of Ready Made Garments, processed food items, cotton yarn, plastic goods, and wooden furniture through certain land ports, mandating alternative seaports or transit routes. Specific land customs stations in Assam, Meghalaya, Tripura, Mizoram, and select West Bengal locations are prohibited for these imports. Exceptions are granted for fish, LPG, edible oil, crushed stone, and goods transiting to Nepal/Bhutan. The restrictions apply with immediate effect under Foreign Trade (Development & Regulation) Act, 1992, modifying the Import Policy framework for bilateral trade.
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