Whole-time employees are classified as Officers in Grades A to F and Executive Director, and Multi-Tasking Staff in Grades A to C. Pay is specified for each post or group of posts. Posts at Executive Director level require approval by the Authority, while the Chairperson sanctions posts up to Grade F. Appointments are made by the appointing authority, with no right to appointment to any particular post or grade.

Regulation 5 vests implementation powers in the Chairperson, including authority to issue administrative instructions needed to give effect to the service regulations and secure effective human-resource management. Powers of a Competent Authority are also exercisable by a superior authority. The Authority may waive or relax strict application of the regulatory provisions at its discretion.

Chairperson's power of delegation permits the Chairperson to delegate all or any powers conferred upon her under employee service regulations to a whole-time member, Executive Director, Committee of Executive Directors, or any Officer of the Authority. Delegation may be made subject to conditions determined by the Chairperson, allowing allocation of specified functions within the scope and limitations set by those conditions.

Regulation 3 establishes definitions governing employee service, including appointing, competent and disciplinary authorities and delegated powers. It distinguishes absorption, deputation and external assignment according to the nature of posting and responsibility for remuneration. Duty and service include authorised periods of work, leave, training and related activities, while excluding unauthorised absence unless permitted. Pay-related definitions distinguish compensatory allowance, special allowance, special pay, personal pay, substantive pay, leave pay and total emoluments, with substantive pay confined to basic pay of the substantive post.

Employee-service coverage includes persons appointed by the Authority, including those on deputation and contract. The Competent Authority may prescribe additional deputation terms based on organisational requirements or governing deputation terms. Those terms must conform to the employee-service framework and applicable deputation policy, and bind the deputationist upon acceptance. Temporary personnel and other unprovided arrangements remain excluded unless coverage is specifically provided or extended by decision.

International Financial Services Centres Authority (Employees' Service) Regulations, 2026 establish the legal framework for employee-service matters within the Authority. They are made under the Authority's rule-making powers in sections 11(1) and 11(2), read with section 28, of the International Financial Services Centres Authority Act, 2019. The regulations take effect on publication in the Official Gazette.

Trial in a PMLA matter received a further two-month extension, based on reasons recorded in the Special Judge's letter, for conclusion of the proceedings. The subject matter also concerns enlargement on bail, alleged non-compliance with re-arrest procedure, prosecution reliance on a confessional statement, and allegations of habitual offending and misuse of bail. Prosecution evidence had been directed to conclude within six months, and the miscellaneous application was disposed of.

S.J. KATHAWALLA, J. Mr. Joaquim Reis, Sr. Adv. a/w. Mr. Melvyn Fernandes, Mr. Jineshkumar Gandhi i/b. Vaish Associates for the Plaintiff. Ms. Gargi Bhagwat i/b. M/s. Devekar Bhagwat and Company for Defendant No. 1. Mr. Vishnu P. i/b. Dhru and Company for Defendant No. 2. Mr. Yadunath Choudhary i/b. Ms. Janhavi Rane for Defendant No. 3. P.C.: 1. Not on board. However, since the parties are desirous of filing Consent Terms and the Director of the Plaintiff Company has come from N... ... ...

SHRI GEORGE MATHAN, JUDICIAL MEMBER AND SHRI S. JAYARAMAN, ACCOUNTANT MEMBER For the Department : Ms. Subashri, JCIT For the Assessee : Mrs .Jharna B. Harilal, CA ORDER PER GEORGE MATHAN, JUDICIAL MEMBER: ITA No. 2148/Chny/2017 & ITA No. 1023/Chny/2018 are the appeals filed by the Revenue against the Order of the Commissioner of Income Tax (Appeals)-6, Chennai, in ITA No. 163/CIT(A)/2016-17 dated 28.06.2017 for the AY 2013-14 & in ITA No. 489/CIT(A)-6/2016-17 dated 29.12.2017 for ... ... ...

Exporters holding AEO status may pay Terminal Handling Charges directly to terminal operators instead of through shipping lines. Eligible exporters with existing P.D. Accounts may use those accounts for direct payment, while those without such accounts may open them with the relevant ports or terminals. Ports and terminals are requested to issue Terminal Handling Charge invoices directly to eligible and willing exporters.

Classification of imported goods as hard disk drives rather than removable or exchangeable disk drives determines entitlement to concessional countervailing duty under Notification No. 12/2012-CE. The relevant tariff description is confined to the six-digit heading and requires application of the ordinary meaning of "hard disk drive". Technical examination of samples, together with expert and departmental opinions, is relevant evidence for resolving the classification dispute.

Scientific research approval is granted to Santhigiri Ashram, Thiruvananthapuram, for the specified tax years, subject to continued approval as a Scientific and Industrial Research Organization. The institution must comply with rule 34, submit an annual Form No. 15 donation statement by 31 May following the relevant tax year, and issue donors Form No. 16 certificates stating the donation amount.

Removable or exchangeable disc drives fall under Tariff Item 84717020 rather than Tariff Item 84717030. Earlier determinations on identical goods adopted Item 84717020, challenges by Revenue were dismissed, and a coordinate-bench determination followed that classification. The established tariff treatment therefore places these disc drives under Item 84717020 for computer storage units in trade.

Filing of bills of entry is temporarily unavailable from 20:00 hours on 1 February 2020 until completion of ICES 1.5 updates required to implement proposed Customs duty-rate changes. Importers, exporters, Customs Brokers and other stakeholders are advised to comply with the temporary filing restriction. The requirement operates as a standing order for officers and staff of all Appraising Groups at Jawaharlal Nehru Custom House.

Commercial expediency can support interest deductions where borrowed funds finance revival of a group concern connected with the taxpayer's business, even without charging interest to the recipient. Irrecoverable advances and guarantee payments may constitute deductible business losses when incurred incidentally to business operations, although advances may fail as bad debts. Pre-assessment-year-2003-04 compensation for non-competition or restrictive covenants is a non-taxable capital receipt where the surrendered right has no cost of acquisition. Stamp-duty value remains deemed consideration under Section 50C, but payment to an agreement holder relinquishing enforceable rights may be deducted as transfer-related expenditure under Section 48. Interest under Section 234D applies only from assessment year 2004-05. Connected-party purchase circumstances may justify partial expense disallowance.

Approval is granted to the Institute for Financial Management and Research, Chennai, for social science or statistical research under the deduction framework. Continued applicability depends on retaining Scientific and Industrial Research Organization recognition for each relevant tax year. The institution must comply with rule 34, submit the prescribed annual donation statement in Form No. 15 by 31 May following the relevant tax year, and issue donors a Form No. 16 certificate specifying the donation amount.

UPASI Tea Research Foundation, Tamil Nadu is recognised as an Other Institution for scientific research for the specified tax years. Continuance requires retention of Scientific and Industrial Research Organization approval in every effective tax year, compliance with rule 34, and preparation and timely delivery of the required donation statement in Form No. 15. The Foundation must also issue Form No. 16 certificates to donors specifying donation amounts in accordance with rule 31.

Shipping Bill filings must include mandatory item-level declarations of State and District of Origin, Standard Unit Quantity Code, preferential trade agreement status, and GST Compensation Cess in the Single Window table. District codes must correspond to the declared State of Origin, and SQC must be separately declared even where it matches the commercial unit. Every Shipping Bill invoice must be uploaded through eSanchit, with its Image Reference Number and the relevant invoice or invoice-cum-packing-list document code declared in the Shipping Bill.

Interest income from surplus funds invested with co-operative banks and societies qualifies for deduction under section 80P(2)(d) and is also eligible under section 80P(2)(a)(i), rather than being treated as income from other sources. Where the deduction applies, a business-expenditure disallowance increases the income qualifying for the Chapter VI-A deduction and should therefore be deleted, consistent with CBDT Circular No. 37 of 2016. Eligible income requires recomputation after granting the deduction and removing the expenditure disallowance.

Cancellation of GST registration solely for continuous non-filing of returns carries severe civil consequences because it prevents the taxpayer from conducting business. A liberal and pragmatic approach permits a defaulting registrant one opportunity to file pending returns and pay tax, interest, penalties and late fees. The second proviso to Rule 23(1) supports restoration after compliance without requiring a separate revocation application, while preserving recovery of all statutory dues. Registration is restored once stipulated compliance is completed.