Expenses for overseas film shooting treated as services availed outside India, so no reverse charge service tax liability; cenvat reversals and penalt...
Electricity consumptionbased clandestine production estimates under the repealed Central Excise Act found insufficient; demand quashed and appeals all...
Voluntary Retention Route investments in central government securities, state government securities and corporate debt will be reckoned under the existing investment limits for FPI investments under the General Route, thereby subsuming VRR-specific limits; this change takes effect April 1, 2026 and existing VRR holdings will be transferred to General Route limits. FPIs that had committed to retention periods longer than the minimum may optionally liquidate part or all of their portfolios and exit the VRR after the minimum retention period ends. The Directions are issued by the RBI under FEMA and require AD Category I banks to notify constituents.
Voluntary Retention Route investments in central government securities, state government securities and corporate debt will be reckoned under the existing investment limits for FPI investments under the General Route, thereby subsuming VRR-specific limits; this change takes effect April 1, 2026 and existing VRR holdings will be transferred to General Route limits. FPIs that had committed to retention periods longer than the minimum may optionally liquidate part or all of their portfolios and exit the VRR after the minimum retention period ends. The Directions are issued by the RBI under FEMA and require AD Category I banks to notify constituents.
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