Revenue authority mandates using scheme-specific reversal procedures, not revising original entries, for instrument-based trade/customs benefits effec...
Transaction value under s.15(1) governs unrelated sales; valuation between related parties per Rule 28; consignment note required for unregistered rec...
The government amends import policy for specified ITC (HS) 2022 Chapter 70, 73, 84 and 85 items, requiring mandatory registration on the Renewable Energy Equipment Import Monitoring System (REEIMS) for listed HS codes used in solar and wind power projects prior to import. Registration applies to air, sea and land shipments, must be filed two days (air) or five days (sea/land) in advance, is port/airport/land-port specific, valid three months, and carries no fee; multiple consignments may use one registration. The changes take effect 01.11.2025 and specific HS codes are now made subject to the stated policy conditions.
The government amends import policy for specified ITC (HS) 2022 Chapter 70, 73, 84 and 85 items, requiring mandatory registration on the Renewable Energy Equipment Import Monitoring System (REEIMS) for listed HS codes used in solar and wind power projects prior to import. Registration applies to air, sea and land shipments, must be filed two days (air) or five days (sea/land) in advance, is port/airport/land-port specific, valid three months, and carries no fee; multiple consignments may use one registration. The changes take effect 01.11.2025 and specific HS codes are now made subject to the stated policy conditions.
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