Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Importation through post via the designated Foreign Post Office permits most goods except specified restricted or prohibited items; restricted goods (e.g., drones, certain microorganisms, bank notes) require DGFT authorization, while prohibited goods (e.g., narcotics, arms, e-cigarettes, obscene material) are not permitted and are liable to confiscation and penalty. Duty depends on consignment type: B2B as per tariff, personal imports generally at 30.98%, and gifts at 43.96%, with personal imports under CIF Rs. 1,000 and certain lifesaving drugs exempt. Personal imports are classified under CTH 9804. Reassessment is possible only before delivery. KYC is mandatory (ID for individuals; GST, IEC, AD Code for companies). Delays may arise from customs checks or postal logistics; postal authorities are liable for damage. IGST refunds below Rs. 1,000 are not payable. Queries and grievances are handled by the Foreign Post Office and the Postal Appraising Section, Bengaluru.
Importation through post via the designated Foreign Post Office permits most goods except specified restricted or prohibited items; restricted goods (e.g., drones, certain microorganisms, bank notes) require DGFT authorization, while prohibited goods (e.g., narcotics, arms, e-cigarettes, obscene material) are not permitted and are liable to confiscation and penalty. Duty depends on consignment type: B2B as per tariff, personal imports generally at 30.98%, and gifts at 43.96%, with personal imports under CIF Rs. 1,000 and certain lifesaving drugs exempt. Personal imports are classified under CTH 9804. Reassessment is possible only before delivery. KYC is mandatory (ID for individuals; GST, IEC, AD Code for companies). Delays may arise from customs checks or postal logistics; postal authorities are liable for damage. IGST refunds below Rs. 1,000 are not payable. Queries and grievances are handled by the Foreign Post Office and the Postal Appraising Section, Bengaluru.
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TaxTMI 
TaxTMI 
of 4918 
