Reasonable Cause for Late Return: penalty under section 271(1)(c) unsustainable where disclosure, audit filing and voluntary offer showed no concealme...
The description of the export product and the import quantities under SION A-2005 at Sl. No. 2 have been amended with immediate effect. The export product is revised from "Phenoxyethanol (Preservative Grade)" to "Phenoxyethanol", with the quantity remaining 1 kg. The permitted import item quantity for Phenol remains 0.690 kg, while the quantity for Ethylene Oxide is revised from 0.325 kg to 0.323 kg. The amendment is issued under the Foreign Trade Policy 2023 and operates immediately for the relevant input-output norm.
The description of the export product and the import quantities under SION A-2005 at Sl. No. 2 have been amended with immediate effect. The export product is revised from "Phenoxyethanol (Preservative Grade)" to "Phenoxyethanol", with the quantity remaining 1 kg. The permitted import item quantity for Phenol remains 0.690 kg, while the quantity for Ethylene Oxide is revised from 0.325 kg to 0.323 kg. The amendment is issued under the Foreign Trade Policy 2023 and operates immediately for the relevant input-output norm.
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