Reopening of assessment cannot rest solely on an audit party's opinion; reassessment under Section 147/148 is impermissible and power of revision shou...
Tested party selection: functional analysis identified the least complex unit as the appropriate tested party, altering the transfer pricing adjustmen...
Waiver of late fees is granted for Bill of Entry filings delayed by ICEGATE unavailability during Union Budget update: Bills of Entry for vessels with entry inwards recorded at INMAA1, INKAT1 and INENR1 on 2 February 2026 will not attract the late fee under the Bill of Entry (Forms) Amendment Regulations, 2017, provided those Bills of Entry are filed on or before 2 February 2026. The relief applies to importers, customs brokers and other stakeholders under the Chennai Sea Customs jurisdiction and the notice functions as a standing order for departmental staff.
Waiver of late fees is granted for Bill of Entry filings delayed by ICEGATE unavailability during Union Budget update: Bills of Entry for vessels with entry inwards recorded at INMAA1, INKAT1 and INENR1 on 2 February 2026 will not attract the late fee under the Bill of Entry (Forms) Amendment Regulations, 2017, provided those Bills of Entry are filed on or before 2 February 2026. The relief applies to importers, customs brokers and other stakeholders under the Chennai Sea Customs jurisdiction and the notice functions as a standing order for departmental staff.
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