Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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The DGFT issued a Trade Notice mandating the adoption of a standardized Internal Compliance Programme (ICP) by industries exporting dual-use (SCOMET) items to ensure adherence to export control laws under India's Foreign Trade Policy 2023. The ICP framework delineates comprehensive governance including management commitment, risk assessment, transaction screening, licensing, training, monitoring, and corrective actions aligned with international standards such as ISO 37301 and Wassenaar Arrangement guidelines. Organizations must implement documented policies, appoint designated export compliance officers, and maintain robust controls over physical and intangible transfers. Performance evaluation through audits and management reviews is required to ensure continual improvement. A case study of a mid-sized electronics manufacturer exemplifies successful ICP implementation resulting in GAICT scheme approval, reduced licensing delays, and enhanced compliance. The regulatory framework aims to prevent unauthorized export of sensitive dual-use items, promoting responsible trade and contributing to national and global security objectives.
The DGFT issued a Trade Notice mandating the adoption of a standardized Internal Compliance Programme (ICP) by industries exporting dual-use (SCOMET) items to ensure adherence to export control laws under India's Foreign Trade Policy 2023. The ICP framework delineates comprehensive governance including management commitment, risk assessment, transaction screening, licensing, training, monitoring, and corrective actions aligned with international standards such as ISO 37301 and Wassenaar Arrangement guidelines. Organizations must implement documented policies, appoint designated export compliance officers, and maintain robust controls over physical and intangible transfers. Performance evaluation through audits and management reviews is required to ensure continual improvement. A case study of a mid-sized electronics manufacturer exemplifies successful ICP implementation resulting in GAICT scheme approval, reduced licensing delays, and enhanced compliance. The regulatory framework aims to prevent unauthorized export of sensitive dual-use items, promoting responsible trade and contributing to national and global security objectives.
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