Restriction of Input Tax Credit under Rule 86A applies only to fraudulently or ineligible availed credit; mere wrongful recipient availment is insuffi...
Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
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.
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