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...
SEBI amends the Intermediaries Regulations, 2008 by defining "days" as calendar days unless otherwise specified, revising the fit-and-proper framework in Schedule II, and tightening disclosure and replacement requirements. The amendment expands the events relevant to fitness assessment, requires the applicant or intermediary to notify SEBI within fifteen working days of specified events, and provides that a person may be declared not fit and proper only after a reasonable opportunity of hearing. It also shortens the remedial period in clause 5 to six months, clarifies that an associate or group entity's adverse declaration does not automatically affect the applicant or intermediary, and requires replacement or divestment for certain declared persons within prescribed periods.
SEBI amends the Intermediaries Regulations, 2008 by defining "days" as calendar days unless otherwise specified, revising the fit-and-proper framework in Schedule II, and tightening disclosure and replacement requirements. The amendment expands the events relevant to fitness assessment, requires the applicant or intermediary to notify SEBI within fifteen working days of specified events, and provides that a person may be declared not fit and proper only after a reasonable opportunity of hearing. It also shortens the remedial period in clause 5 to six months, clarifies that an associate or group entity's adverse declaration does not automatically affect the applicant or intermediary, and requires replacement or divestment for certain declared persons within prescribed periods.
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