Timing mismatch in income recognition requires verification whether receipts were already taxed in an earlier year; matter remitted for fresh examinat...
FOB transaction value and export incentives: customs valuation cannot override contractual export benefits or support confiscation without valid proof...
Para 4 of the prior standing order is amended to permit recall and reassessment of re-import Bills of Entry that require IGST payment without obtaining prior approval of the Joint/Additional Commissioner; such recalls may be executed by the Assistant or Deputy Commissioner to the PAG when the importer intends to pay IGST. The prior-approval requirement continues to apply for recalls that involve substantive revenue-implicating amendments such as changes to quantity, weight, value or extension of FTA benefits. The amendment is intended to streamline re-import assessment and avoid clearance delays while preserving supervisory approval for other revenue-significant amendments.
Para 4 of the prior standing order is amended to permit recall and reassessment of re-import Bills of Entry that require IGST payment without obtaining prior approval of the Joint/Additional Commissioner; such recalls may be executed by the Assistant or Deputy Commissioner to the PAG when the importer intends to pay IGST. The prior-approval requirement continues to apply for recalls that involve substantive revenue-implicating amendments such as changes to quantity, weight, value or extension of FTA benefits. The amendment is intended to streamline re-import assessment and avoid clearance delays while preserving supervisory approval for other revenue-significant amendments.
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