Reversal of input tax credit in proportion to exempt supply: specificity of show-cause notice required; order set aside, fresh proceedings allowed wit...
Benami transaction and beneficial ownership: documentary and circumstantial evidence show payors were true beneficiaries, resulting in PBPTA consequen...
The import policy condition for Urea under ITC(HS) 31021010 is amended by extending the STE status of Indian Potash Limited for import on Government account until 31.03.2027. The notification keeps all other terms and conditions unchanged and makes the import of agricultural-grade Urea through Indian Potash Limited subject to the State Trading Enterprise framework under FTP 2023. The amendment operates as a policy extension rather than a fresh regime and continues the existing channel for government-account imports through the designated trading enterprise.
The import policy condition for Urea under ITC(HS) 31021010 is amended by extending the STE status of Indian Potash Limited for import on Government account until 31.03.2027. The notification keeps all other terms and conditions unchanged and makes the import of agricultural-grade Urea through Indian Potash Limited subject to the State Trading Enterprise framework under FTP 2023. The amendment operates as a policy extension rather than a fresh regime and continues the existing channel for government-account imports through the designated trading enterprise.
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