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...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
The GoI's DGFT issued Notification No. 13/2025-26 amending import policy conditions for roller chains under Chapter 73 of ITC (HS), 2022. The amendment restricts imports of roller chains and parts with CIF value below Rs. 235 per kilogram, categorizing such imports as 'Restricted' under HS codes 73151100, 73151900, and 73159000. Previously unrestricted items are now subject to import limitations, effectively implementing a value-based import control mechanism for specific metallic chain products. The notification takes immediate effect and was approved by the Minister of Commerce & Industry.
The GoI's DGFT issued Notification No. 13/2025-26 amending import policy conditions for roller chains under Chapter 73 of ITC (HS), 2022. The amendment restricts imports of roller chains and parts with CIF value below Rs. 235 per kilogram, categorizing such imports as 'Restricted' under HS codes 73151100, 73151900, and 73159000. Previously unrestricted items are now subject to import limitations, effectively implementing a value-based import control mechanism for specific metallic chain products. The notification takes immediate effect and was approved by the Minister of Commerce & Industry.
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