Co-operative deduction eligibility excludes refund and commercial-bank interest, while qualifying co-operative investments require entity-wise verific...
Enhanced tax rate on surrendered unexplained income applies prospectively, while cash-deposit telescoping requires verification of available surrender...
Customs Broker licence proceedings require accurate procedural facts before delay or natural-justice findings can justify setting aside regulatory act...
Provisional assessment finalisation must precede export duty recovery, while redemption fine fails for goods already exported and unavailable for conf...
Revised reporting formats for External Commercial Borrowing have been prescribed: Part V Annex I and Annex II of the Master Direction are substituted with revised Form ECB 1 and Form ECB 2 reflecting the amended ECB framework. The forms capture borrower and lender details, loan registration, receipt, utilisation, debt servicing, hedging and closure of LRN information; available ECB limit and end use, security and interest rate particulars are included. The directions implement the procedural reporting changes consequent to the Foreign Exchange Management (Borrowing and Lending) amendment and are issued under sections 10(4), 11(1) and 11(2) of FEMA, with immediate effect.
Revised reporting formats for External Commercial Borrowing have been prescribed: Part V Annex I and Annex II of the Master Direction are substituted with revised Form ECB 1 and Form ECB 2 reflecting the amended ECB framework. The forms capture borrower and lender details, loan registration, receipt, utilisation, debt servicing, hedging and closure of LRN information; available ECB limit and end use, security and interest rate particulars are included. The directions implement the procedural reporting changes consequent to the Foreign Exchange Management (Borrowing and Lending) amendment and are issued under sections 10(4), 11(1) and 11(2) of FEMA, with immediate effect.
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