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Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Pursuant to CBIC Circular No. 09/2026, the notice prescribes simplified procedures for export cargo returning to Indian ports due to closure of the Strait of Hormuz, permitting vessels to berth at their port of departure and enabling offloading without SAM or Bill of Entry where the vessel did not call at foreign ports. Cargo and container particulars must be verified against Shipping Bills and seals checked; tampered seals trigger 100% examination. Shipping Bills and Let Export Orders (LEO) are to be cancelled after recovery of any disbursed export incentives; Back-to-Town movements and waiver of related fees are authorised with priority processing.
Pursuant to CBIC Circular No. 09/2026, the notice prescribes simplified procedures for export cargo returning to Indian ports due to closure of the Strait of Hormuz, permitting vessels to berth at their port of departure and enabling offloading without SAM or Bill of Entry where the vessel did not call at foreign ports. Cargo and container particulars must be verified against Shipping Bills and seals checked; tampered seals trigger 100% examination. Shipping Bills and Let Export Orders (LEO) are to be cancelled after recovery of any disbursed export incentives; Back-to-Town movements and waiver of related fees are authorised with priority processing.
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