Classification of imported salvaged shaft pieces as ship parts confirmed, reassessment time-barred and appeal allowed restoring original classificatio...
Scope of intermediary status for data hosting services: tribunal finds provider not intermediary, services exported and not taxable, limited remand on...
CENVAT credit availability after omission of Rule 12B in textiles confirmed; late addendum to SCN introducing new grounds held time-barred and invalid...
Export of Wheat Flour and related products subject to online allocation, eligibility criteria, non-transferable six-month authorisations and reporting...
Regulations amend valuation requirements for bankruptcy proceedings of personal guarantors to corporate debtors by replacing the phrase "internationally accepted valuation standards" with "such valuation standards as notified by the Board through circular", thereby vesting the Board with rulemaking authority to specify applicable standards; they further mandate that a registered valuer must prepare the valuation report and maintain documentation in the format notified by the Board through circular, making compliance with Board notified formats and circulars mandatory for valuation reports and recordkeeping with effect from publication in the Official Gazette.
Regulations amend valuation requirements for bankruptcy proceedings of personal guarantors to corporate debtors by replacing the phrase "internationally accepted valuation standards" with "such valuation standards as notified by the Board through circular", thereby vesting the Board with rulemaking authority to specify applicable standards; they further mandate that a registered valuer must prepare the valuation report and maintain documentation in the format notified by the Board through circular, making compliance with Board notified formats and circulars mandatory for valuation reports and recordkeeping with effect from publication in the Official Gazette.
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