Co-operative society's mandatory reserve and share capital fixed deposits with banks-interest treated as business income under 80P(2)(a)(iii) deductio...
Income tax reassessment reopening after four years on investigation tip, without s.147 proviso disclosure failure, struck down as borrowed satisfactio...
Annual mandatory inspections of all terminals/berths operated by private custodians will be introduced from financial year 2027-28 (April-May) to standardise EXIM cargo handling and identify major operational, security and hazardous-goods deficiencies. Inspections will be carried out by the CFS Unit under DC/AC & SPS supervision in the first quarter, using the prescribed proforma (Annexure-I); inspection reports must be submitted to the Principal Commissioner/Commissioner of Customs (Port). Deficiencies will trigger corrective measures and penal action under the Handling of Cargo in Customs Area Regulation and the Customs Act; the proforma covers bonds, bank guarantees, insurance, infrastructure, security, hazardous-goods handling, and disposal of uncleared cargo.
Annual mandatory inspections of all terminals/berths operated by private custodians will be introduced from financial year 2027-28 (April-May) to standardise EXIM cargo handling and identify major operational, security and hazardous-goods deficiencies. Inspections will be carried out by the CFS Unit under DC/AC & SPS supervision in the first quarter, using the prescribed proforma (Annexure-I); inspection reports must be submitted to the Principal Commissioner/Commissioner of Customs (Port). Deficiencies will trigger corrective measures and penal action under the Handling of Cargo in Customs Area Regulation and the Customs Act; the proforma covers bonds, bank guarantees, insurance, infrastructure, security, hazardous-goods handling, and disposal of uncleared cargo.
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