Assessment time-barred u/s 153 due to missing competent-authority reference for Singapore exchange of information; assessment disallowed as barred by ...
Imported menthol-scented sweet supari classification dispute: seizure quashed, release for home consumption subject to duty bond; bank guarantee refus...
CKD/SKD air-conditioner components classifiable with finished units by essential character; prior advance ruling extended three years, FTA benefits po...
Scope of judicial review under Article 226: supervisory, not appellate; factual reappraisal barred, challenge dismissed; insolvency professional dutie...
Valuations conducted under the Insolvency and Bankruptcy Code are to follow the International Valuation Standards, as issued and updated by the IVSC, for corporate insolvency resolution, liquidation, voluntary liquidation, pre-packaged insolvency resolution, and personal guarantor bankruptcy processes. The circular makes these standards applicable for all valuations under the Code and regulations made thereunder, with effect from the date of issue and until further orders, to support transparent, objective, and credible asset valuation in insolvency proceedings.
Valuations conducted under the Insolvency and Bankruptcy Code are to follow the International Valuation Standards, as issued and updated by the IVSC, for corporate insolvency resolution, liquidation, voluntary liquidation, pre-packaged insolvency resolution, and personal guarantor bankruptcy processes. The circular makes these standards applicable for all valuations under the Code and regulations made thereunder, with effect from the date of issue and until further orders, to support transparent, objective, and credible asset valuation in insolvency proceedings.
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