Timing mismatch in income recognition requires verification whether receipts were already taxed in an earlier year; matter remitted for fresh examinat...
FOB transaction value and export incentives: customs valuation cannot override contractual export benefits or support confiscation without valid proof...
Authorised Dealers must maintain their NOP-INR positions in the onshore deliverable market within US$ 100 million at the end of each business day. The limit applies to exchange rate management under the RBI's risk management framework and must be complied with at the earliest, and no later than April 10, 2026. The circular operates without prejudice to any permissions or approvals required under other applicable law.
Authorised Dealers must maintain their NOP-INR positions in the onshore deliverable market within US$ 100 million at the end of each business day. The limit applies to exchange rate management under the RBI's risk management framework and must be complied with at the earliest, and no later than April 10, 2026. The circular operates without prejudice to any permissions or approvals required under other applicable law.
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