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 has notified a new Standard Input Output Norm (SION C-2049) for export of one mobile phone, listing permissible imported components and their allowed quantities (predominantly net-to-net or net +1%). The SION enumerates numerous parts-sensors, connectors, chips, modules, displays, filters, capacitors, inductors, screws, foams, and others-each with specified input norms. The measure permits regional authorities to grant Advance Authorisations directly without referral to the Norms Committee, intended to expedite export clearance and ensure uniformity.
The government has notified a new Standard Input Output Norm (SION C-2049) for export of one mobile phone, listing permissible imported components and their allowed quantities (predominantly net-to-net or net +1%). The SION enumerates numerous parts-sensors, connectors, chips, modules, displays, filters, capacitors, inductors, screws, foams, and others-each with specified input norms. The measure permits regional authorities to grant Advance Authorisations directly without referral to the Norms Committee, intended to expedite export clearance and ensure uniformity.
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