Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
The GoI's Directorate General of Foreign Trade issued Notification No. 15/2025-26, rescinding previous public notice 23(RE-2013)/2009-14 under Foreign Trade (Development & Regulation) Act 1992. The notification immediately removes port restrictions and testing requirements for exporting Finished Leather, Wet Blue Leather, El Tanned Leather, and Crust Leather. Specifically, exporters are no longer mandated to obtain testing and certification from Central Leather Research Institute (CLRI) for these leather categories. The regulatory amendment simplifies export procedures for leather products, eliminating prior procedural constraints and facilitating smoother international trade in leather commodities.
The GoI's Directorate General of Foreign Trade issued Notification No. 15/2025-26, rescinding previous public notice 23(RE-2013)/2009-14 under Foreign Trade (Development & Regulation) Act 1992. The notification immediately removes port restrictions and testing requirements for exporting Finished Leather, Wet Blue Leather, El Tanned Leather, and Crust Leather. Specifically, exporters are no longer mandated to obtain testing and certification from Central Leather Research Institute (CLRI) for these leather categories. The regulatory amendment simplifies export procedures for leather products, eliminating prior procedural constraints and facilitating smoother international trade in leather commodities.
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