Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
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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