Co-operative society's mandatory reserve and share capital fixed deposits with banks-interest treated as business income under 80P(2)(a)(iii) deductio...
Income tax reassessment reopening after four years on investigation tip, without s.147 proviso disclosure failure, struck down as borrowed satisfactio...
CBIC circular streamlines courier-based e-commerce trade by removing the value cap for commercial export consignments, extending the facilitation to non-e-commerce commercial exports as well. It permits Return to Origin for imported courier goods left uncleared or unclaimed for more than 15 days, where the goods are neither prohibited nor restricted nor intercepted, subject to approval by the jurisdictional DC/AC and filing of the prescribed courier export documents in ECCS. It also simplifies re-import of returned and rejected goods through a risk-based approach, supported by amendments to the relevant customs notifications and a separate return module in ECCS.
CBIC circular streamlines courier-based e-commerce trade by removing the value cap for commercial export consignments, extending the facilitation to non-e-commerce commercial exports as well. It permits Return to Origin for imported courier goods left uncleared or unclaimed for more than 15 days, where the goods are neither prohibited nor restricted nor intercepted, subject to approval by the jurisdictional DC/AC and filing of the prescribed courier export documents in ECCS. It also simplifies re-import of returned and rejected goods through a risk-based approach, supported by amendments to the relevant customs notifications and a separate return module in ECCS.
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