Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Import policy for CTH 7113 jewellery and parts under Chapter 71 of ITC (HS) 2022 is revised to Restricted for the specified tariff lines, with immediate effect. The amendment applies notwithstanding transitional arrangements, prior contracts, irrevocable letters of credit, advance payments, shipment status, or any other prior commitment, so no transitional benefit is available. Imports by 100% Export Oriented Units and SEZ units remain exempt when goods are not sold into the Domestic Tariff Area, and imports under the Gems and Jewellery export schemes in Chapter 4 of FTP 2023 are also excluded. Imports under a valid India-UAE CEPA TRQ may be allowed without an import licence for the specified gold jewellery entries.
Import policy for CTH 7113 jewellery and parts under Chapter 71 of ITC (HS) 2022 is revised to Restricted for the specified tariff lines, with immediate effect. The amendment applies notwithstanding transitional arrangements, prior contracts, irrevocable letters of credit, advance payments, shipment status, or any other prior commitment, so no transitional benefit is available. Imports by 100% Export Oriented Units and SEZ units remain exempt when goods are not sold into the Domestic Tariff Area, and imports under the Gems and Jewellery export schemes in Chapter 4 of FTP 2023 are also excluded. Imports under a valid India-UAE CEPA TRQ may be allowed without an import licence for the specified gold jewellery entries.
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