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Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
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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...
The GoI's DGFT issued Notification No. 08/2025-26 amending import policies for precious metals under Chapter 71 of ITC (HS) 2022, aligned with Finance Act 2025. The amendments modify import regulations for silver, gold, and platinum, introducing restricted import status for specific high-purity metal categories. Imports are now permitted exclusively through RBI-nominated agencies, DGFT-notified entities, and qualified jewellers via India International Bullion Exchange (IIBX), with additional provisions for India-UAE Trade Quota (TRQ) holders. The changes take immediate effect, streamlining and controlling precious metal import mechanisms through regulated channels.
The GoI's DGFT issued Notification No. 08/2025-26 amending import policies for precious metals under Chapter 71 of ITC (HS) 2022, aligned with Finance Act 2025. The amendments modify import regulations for silver, gold, and platinum, introducing restricted import status for specific high-purity metal categories. Imports are now permitted exclusively through RBI-nominated agencies, DGFT-notified entities, and qualified jewellers via India International Bullion Exchange (IIBX), with additional provisions for India-UAE Trade Quota (TRQ) holders. The changes take immediate effect, streamlining and controlling precious metal import mechanisms through regulated channels.
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