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...
Straight-line lease rental accounting change results in penalty quashed where disclosed accounts and bona fide arguable accounting interpretation exis...
DGFT amends the Handbook of Procedures to automatically extend the Export Obligation (EO) period and Block-wise EO period to 31.08.2026 for specified Advance Authorisations and EPCG Authorisations whose EO expires between 01.03.2026 and 31.05.2026, without requirement of application, amendment, endorsement or payment of composition fee. This automatic extension is additional to any EO extension otherwise available under HBP/FTP. Composition fee refunds are not permitted where a fee was already paid. Customs shall allow exports accordingly and Regional Authorities will verify compliance at EODC issuance, closure or regularisation.
DGFT amends the Handbook of Procedures to automatically extend the Export Obligation (EO) period and Block-wise EO period to 31.08.2026 for specified Advance Authorisations and EPCG Authorisations whose EO expires between 01.03.2026 and 31.05.2026, without requirement of application, amendment, endorsement or payment of composition fee. This automatic extension is additional to any EO extension otherwise available under HBP/FTP. Composition fee refunds are not permitted where a fee was already paid. Customs shall allow exports accordingly and Regional Authorities will verify compliance at EODC issuance, closure or regularisation.
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