NPCI-based bank account validation for IEC applications and modifications enables real-time validation; incorrect details block submission or trigger ...
Creation/Invocation of pledge of securities through depository system: standardized pledge forms, notice requirement and invocation notifications to p...
Calendar Spread margin benefit for Single Stock Derivatives suspended on expiry day for expiring contracts; exchanges must implement systems and rule ...
Proportionate interest, unexplained credits and partner remuneration disputed; proofs of fund nexus and lender identity were decisive and disallowance...
Capital gains valuation from stamp assessment versus net consideration for residential reinvestment: deemed stamp value replaced for gains but not for...
Classification of imported squid liver/meal powder turns on compositional analysis showing soyabean meal at ~4050%, making the vegetable protein formative of the products character under the essential character test; accordingly the goods are classifiable as preparations of a kind used in animal feeding and not as fish meal, and reclassification is affirmed. Show Cause Notices, though not verbatim adjudications, sufficiently identified misclassification, correct heading and reasons to satisfy natural justice, and thus sustain the demands. Non-disclosure of substantial soyabean content constitutes suppression of material facts, validating invocation of extended limitation for concealment. Where suppression is established, mandatory penalties and confiscation for mis-declaration are sustainable and upheld.
Classification of imported squid liver/meal powder turns on compositional analysis showing soyabean meal at ~4050%, making the vegetable protein formative of the products character under the essential character test; accordingly the goods are classifiable as preparations of a kind used in animal feeding and not as fish meal, and reclassification is affirmed. Show Cause Notices, though not verbatim adjudications, sufficiently identified misclassification, correct heading and reasons to satisfy natural justice, and thus sustain the demands. Non-disclosure of substantial soyabean content constitutes suppression of material facts, validating invocation of extended limitation for concealment. Where suppression is established, mandatory penalties and confiscation for mis-declaration are sustainable and upheld.
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