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...
The DGFT exercised powers under the Foreign Trade Policy-2023 to notify three new Standard Input Output Norms (SIONs) for specified chemical export products under the Chemical and Allied Product category. The new SIONs-A-3687, A-3688, and A-3689-fix the allowable import quantities corresponding to set export quantities for Azithromycin Dihydrate, Aldehyde C10, and Ceftazidime Powder respectively. This regulatory amendment legally standardizes the input-output ratios for these products, facilitating compliance and monitoring of export-import activities under the Foreign Trade Policy. The notification is final and binding as issued by the Director General of Foreign Trade.
The DGFT exercised powers under the Foreign Trade Policy-2023 to notify three new Standard Input Output Norms (SIONs) for specified chemical export products under the Chemical and Allied Product category. The new SIONs-A-3687, A-3688, and A-3689-fix the allowable import quantities corresponding to set export quantities for Azithromycin Dihydrate, Aldehyde C10, and Ceftazidime Powder respectively. This regulatory amendment legally standardizes the input-output ratios for these products, facilitating compliance and monitoring of export-import activities under the Foreign Trade Policy. The notification is final and binding as issued by the Director General of Foreign Trade.
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