Reopening of assessment cannot rest solely on an audit party's opinion; reassessment under Section 147/148 is impermissible and power of revision shou...
Tested party selection: functional analysis identified the least complex unit as the appropriate tested party, altering the transfer pricing adjustmen...
The export policy for rice under HSN 1006 is amended with immediate effect to limit the Certificate of Inspection requirement from the Export Inspection Council or Export Inspection Agencies. For non-basmati rice, exports to EU Member States and to the European countries of the United Kingdom, Iceland, Liechtenstein, Norway and Switzerland remain subject to the certificate. Exports to remaining European countries are exempt from this requirement for six months from the date of the notification, until 01 October 2026. The amendment applies to the specified ITC(HS) codes for basmati and non-basmati rice and modifies the earlier notification accordingly.
The export policy for rice under HSN 1006 is amended with immediate effect to limit the Certificate of Inspection requirement from the Export Inspection Council or Export Inspection Agencies. For non-basmati rice, exports to EU Member States and to the European countries of the United Kingdom, Iceland, Liechtenstein, Norway and Switzerland remain subject to the certificate. Exports to remaining European countries are exempt from this requirement for six months from the date of the notification, until 01 October 2026. The amendment applies to the specified ITC(HS) codes for basmati and non-basmati rice and modifies the earlier notification accordingly.
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