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...
Prescribes procedural requirements for processing and approval of Brand Rate of Drawback (BRoD) applications under the Customs and Central Excise Duties Drawback Rules, 2017: BRoD applications must be received and processed by the Brand Rate Fixation Cell (BRFC), which shall scrutinize documents, obtain verification reports, apply prescribed risk-based verification sampling, prepare a checklist and a self-contained recommendation, and return deficient claims for compliance; all proposals are to be routed for approval to the Commissioner of Customs, whose approval constitutes the final determination of drawback rate; the Standing Order takes immediate effect and includes an enclosed checklist of documentary, valuation, certification and export verification conditions to be satisfied prior to sanction.
Prescribes procedural requirements for processing and approval of Brand Rate of Drawback (BRoD) applications under the Customs and Central Excise Duties Drawback Rules, 2017: BRoD applications must be received and processed by the Brand Rate Fixation Cell (BRFC), which shall scrutinize documents, obtain verification reports, apply prescribed risk-based verification sampling, prepare a checklist and a self-contained recommendation, and return deficient claims for compliance; all proposals are to be routed for approval to the Commissioner of Customs, whose approval constitutes the final determination of drawback rate; the Standing Order takes immediate effect and includes an enclosed checklist of documentary, valuation, certification and export verification conditions to be satisfied prior to sanction.
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