Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Public servant status under anti-corruption law extends to recognised stock exchange leadership; constitutional and sanction challenges do not succeed...
Acquiescence, homebuyer protection and clean-slate resolution principles prevent landowners from disrupting an integrated project through late termina...
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Goods imported, shipped, or arrived before issuance of an import authorization but not yet cleared from Customs may be cleared against a subsequently issued authorization without mandatory warehousing, except for restricted items or those traded through state trading enterprises unless specifically permitted by the Directorate General of Foreign Trade. The requirement to warehouse goods prior to clearance applies only when the authorization is issued after shipment but before Customs clearance. This clarification addresses concerns that warehousing was being imposed even when authorization was obtained before import arrival or clearance, which was contrary to the intended facilitative provision under Para 2.12 of the Foreign Trade Policy, 2023. The policy aims to reduce unnecessary costs and procedural burdens on importers.
Goods imported, shipped, or arrived before issuance of an import authorization but not yet cleared from Customs may be cleared against a subsequently issued authorization without mandatory warehousing, except for restricted items or those traded through state trading enterprises unless specifically permitted by the Directorate General of Foreign Trade. The requirement to warehouse goods prior to clearance applies only when the authorization is issued after shipment but before Customs clearance. This clarification addresses concerns that warehousing was being imposed even when authorization was obtained before import arrival or clearance, which was contrary to the intended facilitative provision under Para 2.12 of the Foreign Trade Policy, 2023. The policy aims to reduce unnecessary costs and procedural burdens on importers.
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