Transferable duty credit scrips validity and bona fide transferee entitlement to exemption upheld where scrips were subsisting at import, appeals allo...
Classification of knocked down motor vehicle component imports: Notification benefit denied because items are standalone non kit parts requiring subst...
Reassessment against a deceased assessee: procedural defect mandates fresh reassessment; nonresponsive petitioner may be treated as legal representati...
FTP 2023 Para 4.43 is amended to grant a one-time relaxation for exporters of cut and polished diamonds eligible for zero-duty re-import. Where the re-import period expires on or between 1 March 2026 and 31 May 2026, that period is automatically extended by 30 days from the date of expiry. The underlying facility remains available to specified exporters and authorised Indian offices or agencies of laboratories, subject to the existing conditions in the policy and procedural guidelines. The amendment is issued to mitigate hardship caused by logistical bottlenecks and transit delays linked to regional instability.
FTP 2023 Para 4.43 is amended to grant a one-time relaxation for exporters of cut and polished diamonds eligible for zero-duty re-import. Where the re-import period expires on or between 1 March 2026 and 31 May 2026, that period is automatically extended by 30 days from the date of expiry. The underlying facility remains available to specified exporters and authorised Indian offices or agencies of laboratories, subject to the existing conditions in the policy and procedural guidelines. The amendment is issued to mitigate hardship caused by logistical bottlenecks and transit delays linked to regional instability.
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