Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
These regulations replace the 2018 rules and govern finalisation of provisional customs assessments, applying to pending and future provisional assessments. Proper officers must detail document requests within 15 days; importers/exporters must supply materials within two months (two-month and subordinate extensions permitted, but not beyond 14 months). Enquiries must be completed and reported within 14 months. Finalisation must occur within three months of receipt or enquiry conclusion, with successive two-month extensions and a general two-year cap (plus a one-year Commissioner extension). Voluntary payments are adjustable and attract interest; bonds and securities are cancelled or adjusted on closure; unpaid dues may be recovered; contraventions attract penalties.
These regulations replace the 2018 rules and govern finalisation of provisional customs assessments, applying to pending and future provisional assessments. Proper officers must detail document requests within 15 days; importers/exporters must supply materials within two months (two-month and subordinate extensions permitted, but not beyond 14 months). Enquiries must be completed and reported within 14 months. Finalisation must occur within three months of receipt or enquiry conclusion, with successive two-month extensions and a general two-year cap (plus a one-year Commissioner extension). Voluntary payments are adjustable and attract interest; bonds and securities are cancelled or adjusted on closure; unpaid dues may be recovered; contraventions attract penalties.
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