Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Foreign Portfolio Investor limits for FY 2026-27 in debt instruments are kept at 6% for G-Secs, 2% for SGSs and 15% for corporate bonds under the General Route, with the G-Sec incremental increase retained on a 50:50 split between General and Long-term sub-categories. The entire incremental increase in SGS limits is placed in the General sub-category, specified securities continue to be reckoned under the Fully Accessible Route, and investments under the Voluntary Retention Route are brought within the General Route limits from 1 April 2026. The circular also fixes the aggregate notional amount of Credit Default Swaps sold by FPIs at 5% of outstanding corporate bonds and withdraws the earlier 2025-26 circular.
Foreign Portfolio Investor limits for FY 2026-27 in debt instruments are kept at 6% for G-Secs, 2% for SGSs and 15% for corporate bonds under the General Route, with the G-Sec incremental increase retained on a 50:50 split between General and Long-term sub-categories. The entire incremental increase in SGS limits is placed in the General sub-category, specified securities continue to be reckoned under the Fully Accessible Route, and investments under the Voluntary Retention Route are brought within the General Route limits from 1 April 2026. The circular also fixes the aggregate notional amount of Credit Default Swaps sold by FPIs at 5% of outstanding corporate bonds and withdraws the earlier 2025-26 circular.
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