Unlawful outward remittances via Hawala using proforma invoices and electronic records proved; documents admitted, directors penalised, penalties redu...
Attachment of equivalent-value properties as proceeds of crime upheld; preventive attachment order and confirmation sustained; no independent ED reinv...
Broker trading-system "technical glitch" redefinition and narrowed incident-reporting regime for large IBT/STWT brokers requiring 2-hr notice and 14-w...
The Central Government, exercising powers under the Foreign Trade (Development & Regulation) Act and the Foreign Trade Policy, deletes Policy Condition No.2(iii) of Chapter 95 of the ITC (HS), 2022 Schedule I (Import Policy); the amendment removes that specific import-policy restriction and takes effect immediately. The notification effectuates the policy change without ancillary procedural conditions and signals that imports governed by Chapter 95 will no longer be subject to the deleted condition from the date of publication.
The Central Government, exercising powers under the Foreign Trade (Development & Regulation) Act and the Foreign Trade Policy, deletes Policy Condition No.2(iii) of Chapter 95 of the ITC (HS), 2022 Schedule I (Import Policy); the amendment removes that specific import-policy restriction and takes effect immediately. The notification effectuates the policy change without ancillary procedural conditions and signals that imports governed by Chapter 95 will no longer be subject to the deleted condition from the date of publication.
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