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...
AD Category-I banks must report OTC foreign exchange derivative contracts involving INR undertaken globally by their related parties to the CCIL trade repository. The reporting covers deliverable and non-deliverable contracts, while back-to-back transactions and transactions with other AD Category-I banks in India may be excluded because they are already reported under existing instructions. The bank may omit contracts with notional value not exceeding USD 1 million or equivalent. From July 1, 2027 and phased through July 1, 2028, banks must meet progressive coverage thresholds for related-party reporting, ultimately reporting all such INR-linked contracts other than the parent's transactions. Reports must include meaningful transaction details and be filed preferably on trade date, and in any event within two working days.
AD Category-I banks must report OTC foreign exchange derivative contracts involving INR undertaken globally by their related parties to the CCIL trade repository. The reporting covers deliverable and non-deliverable contracts, while back-to-back transactions and transactions with other AD Category-I banks in India may be excluded because they are already reported under existing instructions. The bank may omit contracts with notional value not exceeding USD 1 million or equivalent. From July 1, 2027 and phased through July 1, 2028, banks must meet progressive coverage thresholds for related-party reporting, ultimately reporting all such INR-linked contracts other than the parent's transactions. Reports must include meaningful transaction details and be filed preferably on trade date, and in any event within two working days.
Note: It is a system-generated summary and is for quick reference only.
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