Cost-to-cost reimbursement of seconded employees is not service consideration; transfer-pricing markup was deleted and amalgamation amortisation allow...
Crystallisation of liability supports prior-period expense deduction, while functionally distinct divisions require separate transfer-pricing benchmar...
Functional comparability under TNMM requires transaction-specific FAR analysis before benchmarking business-support services provided to associated en...
Advance pricing agreement methodology can guide benchmarking for non-covered years when functions, assets, risks and activities remain materially unch...
Tax-audit exemption for substantially State-funded educational universities prevents audit-failure penalties where income qualifies for statutory exem...
Functional, asset and risk analysis excludes diversified technology companies from captive software development comparables under cost-plus arrangemen...
Mobile-phone electronic evidence failed to establish customs undervaluation, while duty survived on non-authentic origin certificates without importer...
The National Assessment Centre Portal provides importers, customs brokers, stakeholders and Customs officers with a central, searchable repository of NAC decisions, legal precedents, advance rulings, audit objections, advisories, alerts, circulars, public notices and meeting records. It covers classification, valuation and other assessment-related issues, including matters resolved by NACs and those requiring policy intervention. Centralised access is intended to promote consistent Customs assessment across formations, improve transparency and certainty, support informed compliance, reduce divergent interpretations and avoidable disputes, and strengthen trade facilitation.
The National Assessment Centre Portal provides importers, customs brokers, stakeholders and Customs officers with a central, searchable repository of NAC decisions, legal precedents, advance rulings, audit objections, advisories, alerts, circulars, public notices and meeting records. It covers classification, valuation and other assessment-related issues, including matters resolved by NACs and those requiring policy intervention. Centralised access is intended to promote consistent Customs assessment across formations, improve transparency and certainty, support informed compliance, reduce divergent interpretations and avoidable disputes, and strengthen trade facilitation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
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