Adhoc 30% disallowance of referral commissions set aside; payments treated as sales promotion, not insurance commissions under s.194D; s.40(a)(ia) rel...
The Central Government amends the export policy for ethyl alcohol (ITC(HS) 22072000) to add a condition allowing export of Second Generation (2G) ethanol-defined by cellulosic, non-food and residue feedstocks meeting IS 15464 and low-GHG criteria-for fuel and non-fuel uses, subject to a valid export authorization and feedstock certification from the competent authority; the change is issued under powers conferred by the Foreign Trade (Development & Regulation) Act and Foreign Trade Policy and takes effect immediately.
The Central Government amends the export policy for ethyl alcohol (ITC(HS) 22072000) to add a condition allowing export of Second Generation (2G) ethanol-defined by cellulosic, non-food and residue feedstocks meeting IS 15464 and low-GHG criteria-for fuel and non-fuel uses, subject to a valid export authorization and feedstock certification from the competent authority; the change is issued under powers conferred by the Foreign Trade (Development & Regulation) Act and Foreign Trade Policy and takes effect immediately.
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