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    Project-specific insolvency confines CIRP to one real-estate project while sustaining admission for proved debt and default.
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      Under Section 143AA the Board prescribes expedited procedures...

      Section 143AA procedures for returned export cargo: berth, verification, Shipping Bill cancellation and recovery of incentives.

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      CustomsMarch 13, 2026Circulars
      Under Section 143AA the Board prescribes expedited procedures for export cargo returned to Indian ports due to closure of the Strait of Hormuz or similar disruptions. Vessels must berth at the port of departure (except transhipment); masters must submit undertakings about territorial movements. Where vessels have not called at foreign ports, Sea Arrival Manifest and Bill of Entry filing may be waived and containers may be offloaded subject to verification of Shipping Bills and seal integrity; tampered seals trigger 100% examination. Shipping Bills and Let Export Orders shall be cancelled (post EGM cancellation facility to be provided); cancelled entries will be shared with concerned agencies and recovery of disbursed export incentives is mandated. Measures apply for 15 days.

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      ActsIncome Tax