Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
SEBI mandates uniform expiry days for equity derivatives contracts across stock exchanges, limiting settlement to either Tuesday or Thursday. Exchanges must offer benchmark index options on their chosen day, with all other equity derivatives contracts having a minimum one-month tenor and expiring in the last week of the month. Exchanges are required to seek SEBI's prior approval for modifying settlement days and must submit compliance proposals by June 15, 2025. The regulatory measure aims to reduce concentration risk, minimize expiry day volatility, and enhance market stability while providing product differentiation opportunities for market participants.
SEBI mandates uniform expiry days for equity derivatives contracts across stock exchanges, limiting settlement to either Tuesday or Thursday. Exchanges must offer benchmark index options on their chosen day, with all other equity derivatives contracts having a minimum one-month tenor and expiring in the last week of the month. Exchanges are required to seek SEBI's prior approval for modifying settlement days and must submit compliance proposals by June 15, 2025. The regulatory measure aims to reduce concentration risk, minimize expiry day volatility, and enhance market stability while providing product differentiation opportunities for market participants.
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