ESOP expenditure allowed as FMV difference; long-term capital gain issue sent back for collector rate determination; deferred income additions disallo...
Appeal allowed; impugned order quashed as regulator failed to prove nexus or manipulative scheme; sale genuine - s.12A(a)-(c), Regs 3(a)-(d),4(1),4(2)...
Notification No. 49/2025-Customs, issued under section 157 of the Customs Act, 1962, amends the Project Imports Regulations, 1986, effective 29 November 2025. The amendment inserts a new item (xiv) under Sr. No. 3FF in the Table, adding "Jaipur Metro Projects" as eligible projects under the scheme. It designates the Managing Director or Director (Project) of Rajasthan Metro Rail Corporation Limited (RMRCL) as the authorized officers for purposes of project imports relating to these metro projects. The amendment aligns with prior regulations last revised on 1 February 2023.
Notification No. 49/2025-Customs, issued under section 157 of the Customs Act, 1962, amends the Project Imports Regulations, 1986, effective 29 November 2025. The amendment inserts a new item (xiv) under Sr. No. 3FF in the Table, adding "Jaipur Metro Projects" as eligible projects under the scheme. It designates the Managing Director or Director (Project) of Rajasthan Metro Rail Corporation Limited (RMRCL) as the authorized officers for purposes of project imports relating to these metro projects. The amendment aligns with prior regulations last revised on 1 February 2023.
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