Reopening of assessment cannot rest solely on an audit party's opinion; reassessment under Section 147/148 is impermissible and power of revision shou...
Tested party selection: functional analysis identified the least complex unit as the appropriate tested party, altering the transfer pricing adjustmen...
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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