Penalty for estimation of income and disallowances for tax non-deduction clarified: estimation-based penalties not sustainable; additions without conc...
Managerial remuneration disallowance under s.40A(2)(b) challenged over alleged tax-avoidance; appellate decision restored deletion of addition for dir...
Classification of imported goods as electronic cigarette versus tobacco product reversed for lack of proof; order set aside for jurisdictional overrea...
Modalities prescribe procedures for issuance and processing of export authorizations for wheat flour (HS 1101): applicants with active IEC must apply online within a specified early-month window, submit past export performance, confirmed contracts, CA-certified five-year export turnover and a domestic-wheat self-declaration; authorizations are non-transferable and valid six months, extensions to be decided by the Special Exim Facilitation Committee (EFC). Allocation decisions and any re-allocation rest with the Special EFC, which will apply prior export history or confirmed orders and reserve a portion of quantity for State Trading Enterprises and Cooperatives. Applications below 2,500 MT, off-portal submissions, misdeclarations or untimely filings are disqualified, and allocated exporters must furnish landing certificates within 30 days after export completion.
Modalities prescribe procedures for issuance and processing of export authorizations for wheat flour (HS 1101): applicants with active IEC must apply online within a specified early-month window, submit past export performance, confirmed contracts, CA-certified five-year export turnover and a domestic-wheat self-declaration; authorizations are non-transferable and valid six months, extensions to be decided by the Special Exim Facilitation Committee (EFC). Allocation decisions and any re-allocation rest with the Special EFC, which will apply prior export history or confirmed orders and reserve a portion of quantity for State Trading Enterprises and Cooperatives. Applications below 2,500 MT, off-portal submissions, misdeclarations or untimely filings are disqualified, and allocated exporters must furnish landing certificates within 30 days after export completion.
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