Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The DGFT amended Para 2.03(A)(i)(g) of Foreign Trade Policy 2023 through Notification No. 20/2025-26 dated 23rd June 2025, exercising powers under Sections 3 and 5 of the Foreign Trade (Development & Regulation) Act 1992. The amendment removes the 180-day Export Obligation period restriction for textile products under Quality Control Orders exemption while retaining it for chemical products notified by DCPC. Consequently, Advance Authorisation holders importing textile inputs subject to mandatory QCOs will now follow standard Export Obligation periods as prescribed in Para 4.40 of Handbook of Procedures, rather than the previously mandated 180-day restriction from import clearance date. The notification took immediate effect upon issuance.
The DGFT amended Para 2.03(A)(i)(g) of Foreign Trade Policy 2023 through Notification No. 20/2025-26 dated 23rd June 2025, exercising powers under Sections 3 and 5 of the Foreign Trade (Development & Regulation) Act 1992. The amendment removes the 180-day Export Obligation period restriction for textile products under Quality Control Orders exemption while retaining it for chemical products notified by DCPC. Consequently, Advance Authorisation holders importing textile inputs subject to mandatory QCOs will now follow standard Export Obligation periods as prescribed in Para 4.40 of Handbook of Procedures, rather than the previously mandated 180-day restriction from import clearance date. The notification took immediate effect upon issuance.
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TaxTMI 
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