Dependent Agent PE unresolved for lack of factual inquiry; arm's-length distribution accepted; royalty claim rejected; 15% refund interest (Section 24...
Exemption under s.10(23C)(iiiad) upheld; appeal allowed, interest and dividends excluded from annual receipts, disallowance deleted, capital gains exe...
The trade authority amended Para 4.84(b) of the Handbook of Procedures 2023 to clarify export obligation timelines: exporters must fulfil obligations within 120 days from import of each consignment under an authorisation, except that for findings and mountings of gold, platinum and silver and for jewellery the period is 180 days; extensions remain barred. The revision removes language permitting post-export replenishment imports of gold and is stated to align Para 4.84(b) with Para 4.36(a) of the Foreign Trade Policy.
The trade authority amended Para 4.84(b) of the Handbook of Procedures 2023 to clarify export obligation timelines: exporters must fulfil obligations within 120 days from import of each consignment under an authorisation, except that for findings and mountings of gold, platinum and silver and for jewellery the period is 180 days; extensions remain barred. The revision removes language permitting post-export replenishment imports of gold and is stated to align Para 4.84(b) with Para 4.36(a) of the Foreign Trade Policy.
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