Penalty for estimation of income and disallowances for tax non-deduction clarified: estimation-based penalties not sustainable; additions without conc...
Managerial remuneration disallowance under s.40A(2)(b) challenged over alleged tax-avoidance; appellate decision restored deletion of addition for dir...
Classification of imported goods as electronic cigarette versus tobacco product reversed for lack of proof; order set aside for jurisdictional overrea...
A time-limited RELIEF intervention under the Export Promotion Mission operationalises targeted support for exporters affected by geopolitical disruptions in the Gulf and West Asia maritime corridor. ECGC is designated as nodal implementing agency. Component I maintains pre-disruption premium levels and reimburses ECGC to permit enhanced cover (up to full loss) for consignments with onboard bill/airway bills issued 14 Feb-15 Mar 2026. Component II similarly caps premiums and enables up to 95% cover for new ECGC policies for shipments with bills issued 16 Mar-15 Jun 2026. Component III reimburses eligible non ECGC MSME exporters up to 50% of extraordinary freight/insurance burden, subject to documentation, per exporter ceiling, verification and budget limits.
A time-limited RELIEF intervention under the Export Promotion Mission operationalises targeted support for exporters affected by geopolitical disruptions in the Gulf and West Asia maritime corridor. ECGC is designated as nodal implementing agency. Component I maintains pre-disruption premium levels and reimburses ECGC to permit enhanced cover (up to full loss) for consignments with onboard bill/airway bills issued 14 Feb-15 Mar 2026. Component II similarly caps premiums and enables up to 95% cover for new ECGC policies for shipments with bills issued 16 Mar-15 Jun 2026. Component III reimburses eligible non ECGC MSME exporters up to 50% of extraordinary freight/insurance burden, subject to documentation, per exporter ceiling, verification and budget limits.
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