Inventory write-off and fraudulent/wrongful trading allegations in corporate insolvency led to director liability principles applied and appeal dismis...
Condonation of delay in filing GSTR-3B returns and entitlement to Section 62 benefit results in withdrawal of assessments and revocation of attachment...
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.
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4816 
Join Channel 
