Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Export cargo containers offloaded at foreign ports and returned to India due to Strait of Hormuz disruption may be handled under a simplified customs procedure. The shipping line or authorised representative must file SAM because vessel, consignor-consignee and bill of lading details change on return. Customs must verify container particulars and seal integrity against shipping documents; where seals are intact and matched, the container may be offloaded without filing a bill of entry, and shipping bills/LEO are to be cancelled through the EDI post-EGM SB cancellation module. If seals are tampered with or not intact, the container requires 100% examination and re-import procedures. The relaxation applies until 30.04.2026.
Export cargo containers offloaded at foreign ports and returned to India due to Strait of Hormuz disruption may be handled under a simplified customs procedure. The shipping line or authorised representative must file SAM because vessel, consignor-consignee and bill of lading details change on return. Customs must verify container particulars and seal integrity against shipping documents; where seals are intact and matched, the container may be offloaded without filing a bill of entry, and shipping bills/LEO are to be cancelled through the EDI post-EGM SB cancellation module. If seals are tampered with or not intact, the container requires 100% examination and re-import procedures. The relaxation applies until 30.04.2026.
Note: It is a system-generated summary and is for quick reference only.
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