Transaction value between related persons requires market-equivalent pricing; importer must prove declared value mirrors ordinary international trade ...
Classification of exported insecticides under export tariff affirmed; reclassification and related penalties set aside and MEIS scrip jurisdiction rec...
Misclassification between copra and dry coconut: customs recovery and re-valuation quashed for lack of prior licensing-authority invalidation, appeals...
Interest subvention support under the Export Promotion Mission is clarified to apply only to eligible export credit disbursed on or after 2 January 2026, and not to earlier disbursements. Eligibility depends on UIN/UDIN generation and submission on the disbursement date; if no UIN is generated, the disbursal is outside the scheme. A new UIN is required on change of lending bank, portability is barred, and subvention stops from the date an account is classified as NPA. The notice also limits cross-bank claims to the prescribed annual ceiling, fixes subvention to the rate prevailing on disbursement, and provides that early foreclosure and renewed top-up credit are to be treated according to actual outstanding or fresh exposure.
Interest subvention support under the Export Promotion Mission is clarified to apply only to eligible export credit disbursed on or after 2 January 2026, and not to earlier disbursements. Eligibility depends on UIN/UDIN generation and submission on the disbursement date; if no UIN is generated, the disbursal is outside the scheme. A new UIN is required on change of lending bank, portability is barred, and subvention stops from the date an account is classified as NPA. The notice also limits cross-bank claims to the prescribed annual ceiling, fixes subvention to the rate prevailing on disbursement, and provides that early foreclosure and renewed top-up credit are to be treated according to actual outstanding or fresh exposure.
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