Prohibited importation of cosmetics without prior regulatory registration attracts seizure and confiscation; warehousing or re export claims do not cu...
Provisional release on security permitted where cash deposit plus bond secures differential duty; classification and treaty benefits referred for deci...
Customs Valuation Rule Sequence must be followed; single-comparator re-determination and penalties set aside without comparability or proof of mis-dec...
Separately Identifiable Services: transportation found to be the essential character, so Cargo Handling classification and extended limitation rejecte...
Authorised Dealers must not undertake foreign exchange derivative contracts involving INR with related parties, except for cancellation and rollover of existing contracts and back-to-back transactions with non-related non-resident users under the applicable Master Direction. The term "related parties" is to be read consistently with Ind AS 24, IAS 24, or equivalent accounting standards. The circular withdraws the earlier instruction issued on April 1, 2026 and applies with immediate effect.
Authorised Dealers must not undertake foreign exchange derivative contracts involving INR with related parties, except for cancellation and rollover of existing contracts and back-to-back transactions with non-related non-resident users under the applicable Master Direction. The term "related parties" is to be read consistently with Ind AS 24, IAS 24, or equivalent accounting standards. The circular withdraws the earlier instruction issued on April 1, 2026 and applies with immediate effect.
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