Interest on Wrongful Input Tax Credit is mandatory where excess transitional credit was retained and later reversed, and related objections were rejec...
Export of wheat flour and related products under HS Code 1101 remains prohibited, but the notification permits an additional tranche of exportable quantity beyond that previously allowed; this modification operates by creating a supplemental quantitative allowance subject to modalities to be issued via a DGFT public notice. The amendment relies on powers under the Foreign Trade (Development & Regulation) Act and relevant Foreign Trade Policy provisions, and the detailed procedure, eligibility and operational rules for utilising the additional allowance will be prescribed separately by the Directorate General of Foreign Trade.
Export of wheat flour and related products under HS Code 1101 remains prohibited, but the notification permits an additional tranche of exportable quantity beyond that previously allowed; this modification operates by creating a supplemental quantitative allowance subject to modalities to be issued via a DGFT public notice. The amendment relies on powers under the Foreign Trade (Development & Regulation) Act and relevant Foreign Trade Policy provisions, and the detailed procedure, eligibility and operational rules for utilising the additional allowance will be prescribed separately by the Directorate General of Foreign Trade.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4807
Join Channel
TaxTMI 
