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 CBIC issued a third amendment to the Sea Cargo Manifest and Transshipment Regulations, 2025, modifying the existing regulatory framework. The amendment specifically updates the TABLE by substituting the date "30.09.2025" in column (3) against Sr. No. 6. The regulatory amendment was enacted under sections 30, 30A, 41, 41A, 53, 54, 56, and subsections (3) of section 98 and (2) of section 158 of the Customs Act, 1962. The amendment will come into force upon publication in the Official Gazette, enabling procedural adjustments in sea cargo manifest and transshipment documentation and compliance requirements.
The CBIC issued a third amendment to the Sea Cargo Manifest and Transshipment Regulations, 2025, modifying the existing regulatory framework. The amendment specifically updates the TABLE by substituting the date "30.09.2025" in column (3) against Sr. No. 6. The regulatory amendment was enacted under sections 30, 30A, 41, 41A, 53, 54, 56, and subsections (3) of section 98 and (2) of section 158 of the Customs Act, 1962. The amendment will come into force upon publication in the Official Gazette, enabling procedural adjustments in sea cargo manifest and transshipment documentation and compliance requirements.
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