Reassessment under s.148A held valid; s.69 additions totaling Rs.7,00,000 deleted after acceptable contemporaneous explanations for property investmen...
Adjudication set aside; Rule 9 valuation based on internet engineer report quashed for Rule 3(4) non-compliance; Section 138B cross-examination requir...
The customs authority will implement system-driven auto-approval of registrations for an incentive bank account and IFSC code across all customs locations when the identical IEC-bank account-IFSC combination has already been approved at any one location. Submission workflow remains unchanged, but qualifying requests will bypass manual port-officer approval and be auto-approved by the system, thereafter proceeding to PFMS for existing validation. The measure aims to speed processing and improve trade experience; stakeholders should report any implementation issues to the Board for resolution.
The customs authority will implement system-driven auto-approval of registrations for an incentive bank account and IFSC code across all customs locations when the identical IEC-bank account-IFSC combination has already been approved at any one location. Submission workflow remains unchanged, but qualifying requests will bypass manual port-officer approval and be auto-approved by the system, thereafter proceeding to PFMS for existing validation. The measure aims to speed processing and improve trade experience; stakeholders should report any implementation issues to the Board for resolution.
Note: It is a system-generated summary and is for quick reference only.