Market value for captive electricity consumption follows industrial consumer tariffs, supporting profit computation for the power generation deduction...
Provisional release of seized imports requires enhanced duty payment, bank guarantee and disclosures while customs adjudication proceeds independently...
The GoI's DGFT issued a notification amending import policy conditions for cabinet hinges under specific HS codes in Chapter 83 of ITC (HS), 2022. The amendment restricts import of cabinet hinges with a CIF value less than Rs.280 per kilogram, applying to HS codes 83021010, 83021090, 83024200, and 83024900. The modification was enacted under Sections 3 and 5 of the Foreign Trade (Development & Regulation) Act, 1992, implementing a new regulatory measure to control low-value cabinet hinge imports while maintaining a free import policy for higher-value items.
The GoI's DGFT issued a notification amending import policy conditions for cabinet hinges under specific HS codes in Chapter 83 of ITC (HS), 2022. The amendment restricts import of cabinet hinges with a CIF value less than Rs.280 per kilogram, applying to HS codes 83021010, 83021090, 83024200, and 83024900. The modification was enacted under Sections 3 and 5 of the Foreign Trade (Development & Regulation) Act, 1992, implementing a new regulatory measure to control low-value cabinet hinge imports while maintaining a free import policy for higher-value items.
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