Interest on Wrongful Input Tax Credit is mandatory where excess transitional credit was retained and later reversed, and related objections were rejec...
Reopening Assessments invalid where satisfaction and jurisdictional approval are absent for third party seized material, leading to quashing of assess...
The DGFT has notified four new Standard Input Output Norms under Chemical and Allied Product Group A for specified export products, setting the corresponding permitted import inputs and quantities for each norm. The new entries cover Cefuroxime Sterile Sodium, NAS-5, Tobramycin nebuliser solution, and Schaeffers Acid, with matching input norms prescribed for Cefuroxime Acid, Tobias Acid, Tobramycin, and Beta Naphthol. The public notice enables Regional Authorities to issue Advance Authorisations directly on these norms without referring individual cases to the Norms Committee, thereby streamlining approvals and promoting uniform decision-making.
The DGFT has notified four new Standard Input Output Norms under Chemical and Allied Product Group A for specified export products, setting the corresponding permitted import inputs and quantities for each norm. The new entries cover Cefuroxime Sterile Sodium, NAS-5, Tobramycin nebuliser solution, and Schaeffers Acid, with matching input norms prescribed for Cefuroxime Acid, Tobias Acid, Tobramycin, and Beta Naphthol. The public notice enables Regional Authorities to issue Advance Authorisations directly on these norms without referring individual cases to the Norms Committee, thereby streamlining approvals and promoting uniform decision-making.
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