Tax collection at source on purchases removes duplicate withholding obligation, while trade-creditor evidence requires verification before unexplained...
Transfer-pricing comparability requires material turnover effects; adjustments must cover only associated-enterprise transactions and exclude abnormal...
Commodity derivatives position limits adopt revised breach penalties, broad commodity criteria, and client open-position limits based on deliverable s...
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Section 49 storage facilitation for imported air cargo requires prompt written or email notice to importers when clearance is delayed by Customs or statutory processes, followed by custodial reminders where goods remain uncleared. Complete storage applications should ordinarily be decided within three working days; where another statutory authority is consulted, the request may be determined on merits after the prescribed response period, subject to revenue, security and regulatory considerations. Detention or demurrage waiver certificates may be issued only where legally admissible and after verification, specifying the attributable period, reasons, relevant status and reference number. These measures create no automatic right to storage permission or waiver, and procedures for disposal of uncleared goods remain unaffected.
Section 49 storage facilitation for imported air cargo requires prompt written or email notice to importers when clearance is delayed by Customs or statutory processes, followed by custodial reminders where goods remain uncleared. Complete storage applications should ordinarily be decided within three working days; where another statutory authority is consulted, the request may be determined on merits after the prescribed response period, subject to revenue, security and regulatory considerations. Detention or demurrage waiver certificates may be issued only where legally admissible and after verification, specifying the attributable period, reasons, relevant status and reference number. These measures create no automatic right to storage permission or waiver, and procedures for disposal of uncleared goods remain unaffected.
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