Jurisdictional sanction requirements bar reassessment when approval comes from an authority lacking statutory competence under the applicable framewor...
Recorded sales receipts cannot be reassessed as unexplained cash credits, eliminating the basis for consequential alleged commission expenditure addit...
Sufficient cause for delayed income-tax appeals requires bona fide diligence; unsubstantiated counsel illness and assessee inaction defeat condonation...
TNMM Segmentation Limits Transfer-Pricing Adjustments to Associated-Enterprise Transactions and Requires Turnover-Based Comparable Selection for IT Se...
Internal TNMM supports deletion of freight-forwarding adjustments where comparable non-AE transactions are separately identifiable and materially simi...
Safeguard duty on import of non-alloy and alloy steel flat products is to be administered through system-based qualifiers in the Single Window Table of the Bill of Entry, so that exempted categories are not charged duty and eligible imports can be cleared smoothly. Importers claiming exemption must declare the specific info code and related details prescribed in the annexure. The circular maps exemption codes for CIF price thresholds, developing-country origin-based exclusions, and products excluded from the scope of the notification, enabling electronic filing and uniform implementation by customs officers.
Safeguard duty on import of non-alloy and alloy steel flat products is to be administered through system-based qualifiers in the Single Window Table of the Bill of Entry, so that exempted categories are not charged duty and eligible imports can be cleared smoothly. Importers claiming exemption must declare the specific info code and related details prescribed in the annexure. The circular maps exemption codes for CIF price thresholds, developing-country origin-based exclusions, and products excluded from the scope of the notification, enabling electronic filing and uniform implementation by customs officers.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
