Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
The central government amended the Advance Authorisation provision in the Foreign Trade Policy so export obligation (EO) periods for inputs subject to mandatory Quality Control Orders are now governed by Para 4.40 of the Handbook of Procedures; this replaces the prior special 180-day EO limit for chemical products covered by the Quality Control Orders, extending the EO period for such imports to 18 months and aligning EO treatment for all Advance Authorisation holders with Para 4.40.
The central government amended the Advance Authorisation provision in the Foreign Trade Policy so export obligation (EO) periods for inputs subject to mandatory Quality Control Orders are now governed by Para 4.40 of the Handbook of Procedures; this replaces the prior special 180-day EO limit for chemical products covered by the Quality Control Orders, extending the EO period for such imports to 18 months and aligning EO treatment for all Advance Authorisation holders with Para 4.40.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
