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...
RPA (Remote Pilot Aircraft) for military use defined to include drones/UAV/UAS; exemptions limited to specified defence imports with Joint Secretary c...
Imports of stainless steel under Advance Authorisation carrying commercial grades (e.g., J1-J5) must state the specific grade and declare Chromium, Nickel and Manganese percentages in the Bill of Entry and commercial invoice; DGFT guidance confirms authorisation holders must declare technical characteristics and permits correlation at export. Shipping bills discharging AAs must record the same elemental percentages to enable input-output correlation. Importers with earlier-filed Bills of Entry may seek amendment, which officers shall grant without delay, after which goods may be taken out of charge.
Imports of stainless steel under Advance Authorisation carrying commercial grades (e.g., J1-J5) must state the specific grade and declare Chromium, Nickel and Manganese percentages in the Bill of Entry and commercial invoice; DGFT guidance confirms authorisation holders must declare technical characteristics and permits correlation at export. Shipping bills discharging AAs must record the same elemental percentages to enable input-output correlation. Importers with earlier-filed Bills of Entry may seek amendment, which officers shall grant without delay, after which goods may be taken out of charge.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4811 
Join Channel 
